Key Features of EasyCover

Policy Summary of the EasyCover Plan

This summary does not include the full terms and conditions of your EasyCover Plan - these can be found in the 'Terms and Conditions of the EasyCover Plan'.

The name of the insurer providing the EasyCover Plan

This policy is provided by AXA Sun Life plc which is authorised and regulated by the Financial Services Authority.

The type of insurance and cover provided by the EasyCover Plan

The EasyCover Plan is a life insurance policy which provides cover for your chosen term (from 10 to 25 years). It provides a cash sum if you die during the term of the Plan, or if you are diagnosed with a terminal illness during the term of the Plan, excluding diagnosis in the final year.

The Plan has no cash-in value at any time.

Eligibility for the Plan

You are eligible for this insurance provided that, at the starting date you:

• Are aged 18-59
• Are resident in the UK
• Choose a term that ends before your 70th birthday
• Answer ‘no’ to the four questions set out in Section 1 of the Terms and Conditions
• Do not already hold another EasyCover Plan

Significant Features and Benefits

• Life cover - if you die during the term of the Plan, we will pay out a cash sum up to a maximum of £150,000.
• Terminal illness - if you are diagnosed with an advanced or rapidly progressing incurable illness where, in the opinion of an attending consultant and confirmed by our Chief Medical Officer, your life expectancy is less than 12 months, the EasyCover Plan will pay the cash sum at this stage rather than on your death.
• Motor Accident Benefit - if you die as a result of a motor accident (see the Terms and Conditions, Section 3) or within 90 days from injuries sustained in it we will pay the cash sum plus £50,000.
• Fare-Paying Passenger Benefit - if you die as a result of a transport accident (see the Terms and Conditions, Section 3) or within 90 days from injuries sustained in it, we will pay the cash sum plus £500,000.

Significant Exclusions and Limitations

• Each of the 4 ‘eligibility’ questions must be answered carefully and accurately. If you don’t we may not pay out the benefits in the event of a claim. For full details see the Terms and Conditions, Section 1.
• If you fail to pay a monthly premium when due, your Plan and your cover will end 10 days after the missed premium was due. You will not get anything back.
• Terminal Illness - this benefit does not apply if you are diagnosed with a terminal illness in the final year
  of the Plan.
• Motor Accident Benefit - the Plan will not pay out Motor Accident Benefit if the accident was a direct or indirect result of the circumstances described in the Terms and Conditions, Section 4.
• Fare-Paying Passenger Benefit - Death must occur within 90 days of injuries sustained in a transport accident as described in the Terms and Conditions, Section 4.

The duration of the Plan

Your cover will continue for your chosen term (from 10 to 25 years) provided you keep paying your monthly premiums for the term of your Plan. At the end of your chosen term your premium and cover will end and you will not get anything back.

Cancellation rights

You have the right to cancel your Plan within 30 days of receiving your Policy Documents. Any premiums you have paid during this time will be refunded.

After this period you can cancel your Plan at any time by writing to us. However, the Plan has no cash–in value at any time, so you would not get anything back. For full details see the Terms and Conditions, Section 7.

How to claim

In the event of your death or terminal illness, claims can be registered with our helpline on 08457 322 223. For full details of how to make a claim see the Terms and Conditions, Section 9.

How to make a complaint

If you are unhappy with the service provided by AXA Sun Life please contact AXA Sun Life, New Business Customer Services Department, PO Box 1810, Bristol BS99 5SN. Tel: 08457 322 223. For full details see the Terms and Conditions, Section 10.

Financial Services Compensation Scheme (FSCS)

Our obligations are covered by the Financial Services Compensation Scheme (FSCS). This means that if AXA Sun Life became insolvent, you would be covered for at least 90% of the value of your Plan. Further information is available at www.fscs.org.uk or telephone 020 7892 7300.

Terms and Conditions of the EasyCover Plan

This information does not contain advice regarding whether the EasyCover Plan is suitable for you. The decision is  yours and therefore it’s very important that you:

1. Read and understand these Terms and Conditions
2. Make sure you are eligible for the Plan
3. Make sure you know what is and isn’t covered by the Plan
4. Keep these Terms and Conditions to refer to in the future
5. Check these Terms and Conditions from time to time to make sure the Plan is still suitable for you

Your demands and needs

The EasyCover Plan meets the demands and needs of those who want to provide a cash sum in the event of their death or on diagnosis of a terminal illness within a specified term. For example, to help provide for the family while children are still at home, or to cushion the impact of loss of earnings.

1. Am I eligible for the EasyCover Plan?

You are eligible for this insurance provided that, at the starting date, you:

• Are aged 18-59
• Are resident in the UK
• Choose a term that ends before your 70th birthday
• Do not already hold another EasyCover Plan
• And at the time of application you have answered ‘no’ to each part of the following four questions:
  1. Have you ever been diagnosed with, been investigated or treated for any of the following:
     1. heart disease including heart attack, angina, heart defects or heart surgery
     2. high blood pressure, or raised cholesterol, still requiring treatment
     3. chest pain, irregular heartbeat or disease of the blood circulation system
     4. cancer, leukaemia, Hodgkin’s disease, lymphoma, brain or spinal tumour
     5. diabetes or sugar in the urine
     6. a disorder of the brain (including injury), epilepsy, brain haemorrhage or stroke
     7. multiple sclerosis or other disorders of the central nervous system
     8. disorders of the liver, stomach, pancreas, bowel, kidneys or bladder
     9. mental illness requiring hospital treatment or referral to a psychiatrist
  2. Do you have any symptoms that you are likely to seek medical advice or treatment for in the near future? You do not need to tell us about matters relating to common colds, uncomplicated pregnancy, IVF treatment, routine contraception, minor sports injuries, broken bones, eczema, hay fever or asthma.
  3. Have you ever tested positive for HIV, Hepatitis B or C or are you awaiting the result of such a test?
  4. Are you a member of Her Majesty’s Forces or the Territorial Army?

2. When will the Plan pay out?

• If you die while the policy is in force, the Plan will pay out a cash sum.
• If you are diagnosed with a terminal illness while the policy is in force, other than in the last 12 months of the policy, the Plan will pay out a cash sum at this stage rather than on your death.
• If you die as the result of a motor accident as described in Sections 3 and 4, we will pay the cash sum plus £50,000.
• If you die as the result of a transport accident as a fare paying passenger as described in Sections 3 and 4,  we will pay out the cash sum plus £500,000.

3. What are the features and benefits of the Plan?

• Life cover - A cash sum is paid out if you die, during the term of the Plan up to a maximum of £150,000.
• Terminal illness - if you are diagnosed with an advanced or rapidly progressing incurable illness where, in the opinion of an attending consultant and confirmed by our Chief Medical Officer, your life expectancy is less than 12 months, the EasyCover Plan will pay the cash sum at this stage rather than on your death. If the cash sum is paid out, the policy would then end.
• Motor Accident Benefit - If you die while the policy is in force, solely as the result of, or within 90 days of accidental bodily injury sustained in a motor accident in the circumstances described below, we will pay the cash sum plus £50,000 whilst travelling legally on a public highway as a duly licensed driver or passenger, in or on a:
  • Motor car
  • Motor cycle
• Fare-Paying Passenger Benefit - If you die while the policy is in force, solely as the result of, or within 90 days of accidental bodily injury sustained as a fare paying passenger in a transport accident in the circumstances described below, we will pay the cash sum plus £500,000 whilst travelling legally as a fare-paying passenger in a vehicle that is licensed to carry passengers for hire e.g.:
  • Bus
  • Train
  • Aeroplane
  • Ship

4. What are the exclusions and limitations of the Plan?

• Terminal Illness - this benefit does not apply if you are diagnosed with a terminal illness in the final year of the Plan.
• Motor Accident Benefit - If you die as a result of a motor accident as defined in Section 3, this benefit will not pay out if the accident was a direct or indirect result of intentional self-injury, suicide or any attempted suicide. Death must occur within 90 days of injuries sustained in the accident.
• Fare-Paying Passenger Benefit - Death must occur within 90 days of injuries sustained in the transport accident.
• Inflation will, over time, reduce the value of any cash sum paid out.
• The Plan has no cash-in value at any time.

5. How much will it cost?

A monthly premium will be payable for your chosen term.

The monthly premium depends on:

• The amount of life cover you choose
• The length of the term
• Whether you smoke
• Your sex
• Your age

The premiums and benefits will be shown on your Policy Schedule.

6. How do I pay?

Monthly by direct debit.

After the first premium has been paid if any subsequent premiums are not paid on the due date, we will allow ten days of grace during which time you can pay the outstanding premium and the policy will remain in force.

If the outstanding premium is not received within the days of grace, the Plan will be cancelled and you will not get anything back.

7. How do I cancel the Plan?

You can change your mind within 30 days from when you receive the “Your right to change your mind” form. Complete and return the form within 30 days to: The Manager, New Business Customer Services Department, AXA Sun Life plc, PO Box 1810, Bristol BS99 5SN and AXA Sun Life will refund any premiums you have paid.

After this, you may cancel your Plan at any time by notifying AXA Sun Life in writing. If you do cancel, your life cover will stop and you won’t get anything back.

8. What about tax?

The fund in which your premiums are invested is subject to tax on investment income and capital gains and this tax is deducted from the fund by AXA Sun Life. Any money paid as a result of a claim on the Plan will currently not be subject to capital gains tax or income tax.

The amount paid on your death will normally form part of your estate, so may be subject to inheritance tax, unless you write your Plan subject to an appropriate trust.  Any amount paid out in relation to a terminal illness claim will currently not be subject to inheritance tax at the time of payment but may be subject to inheritance tax on your death.

Tax information is based on AXA Sun Life plc’s understanding of current law and HM Revenue & Customs practice. How taxation could affect you will depend upon your individual circumstances. Tax legislation may change in the future.

9. How to make a claim

A claim can be made in writing to AXA Sun Life plc, PO Box 1810, Bristol BS99 5SN, or by telephone on 08457 322 223.

In the event of death, we will need:

• The Policy Schedule and Endorsements to be returned
• The name of the person making the claim and evidence of their entitlement to the policy proceeds.
• The name and date of birth of the policyholder
• The original death certificate
• A copy of the policyholder’s Will if there is one

It is important that you keep your policy documents safe and let your next of kin know where to find them.

From the date of death to when the payment is made we will add interest to the cash sum paid out.

The rate of interest used to calculate this amount will typically be around 0.5% per annum lower than the Bank of England base rate.

If you are diagnosed with a terminal illness as defined in Section 3, we would pay out the cash sum to you and the policy would end.

10. What if I have a complaint?

If you would like further information or you have a complaint about our service, then please contact Customer Care Co-ordinator, New Business Customer Services Department, AXA Sun Life plc, PO Box 1810, Bristol BS99 5SN. Tel: 08457 322 223.

If you are not satisfied with any aspect of the service that you have received from AXA Sun Life, then we have a written complaints handling procedure, a copy of which is available on request. Complaints AXA Sun Life cannot settle may be referred to the Financial Ombudsman Service at: South Quay Plaza, 183 Marsh Wall, London E14 9SR. Telephone: 0845 080 1800 E-mail: complaint.info@financial-ombudsman.org.uk Website: www.financial-ombudsman.org.uk

Making a complaint will not affect your right to take legal action.

11. Financial Services Compensation Scheme (FSCS)

AXA Sun Life’s obligations are covered by the Financial Services Compensation Scheme (FSCS). This means that if AXA Sun Life became insolvent, you would be covered for at least 90% of the value of your Plan. Further information is available from AXA Sun Life on request, the Financial Services Authority or the Financial Services Compensation Scheme at www.fscs.org.uk

12. Law

AXA Sun Life will apply the law of England and Wales to this Plan, and by taking out this Plan, you are agreeing to this. All communication will be in English.

General Information

Information about the company providing the EasyCover Plan

AXA Sun Life plc is the provider of the EasyCover Plan.

AXA is a worldwide insurance group. In the UK, one of the AXA companies is AXA Sun Life plc, the provider of your policy. It is an insurer based in the United Kingdom and is authorised and regulated by the Financial Services Authority. Registered in England No. 3291349. Registered office: 5 Old Broad Street, London, EC2N 1AD.  AXA Sun Life is a company limited by shares and entered on the Financial Services Authority Register. Registration number 185063. You can check this on the FSA’s register by visiting the FSA’s website www.fsa.gov.uk/register/home.do register or by contacting the FSA on 0845 606 1234.

Information about the company distributing the EasyCover Plan

AXA Sun Life Services plc is the distributor of the EasyCover Plan.

AXA Sun Life Services plc, PO Box 1810, Bristol, BS99 5SN, is authorised and regulated by the Financial Services Authority. Our FSA register number is 185746. AXA Sun Life Services plc and the AXA companies whose products it markets are all part of the same corporate group and are wholly owned by AXA.

How to contact AXA Sun Life

If you’d like to talk to AXA Sun Life about any aspect of your life policy, please call our policy helpline on: 08457 322 223

We are open Monday to Friday from 8am to 8pm. All calls will be charged at local rates and as part of our commitment to quality service, telephone calls will be recorded.