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Zurich Life Insurance

Term Assurance




Key facts PDF

Company Type

Public Limited Company

Company Overview

With more than 55,000 employees, Zurich is a leading multi-line insurer. They provide a wide range of general insurance and life insurance products and businesses of all sizes including multinational corporations, in more than 170 countries.

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Life Insurance Overview

The Zurich Level Protection Plan offers traditional life insurance cover that pays out a cash sum to your beneficiaries following your death or diagnosis of a terminal illness during the policy term

Zurich’s Decreasing Mortgage Cover, could be the ideal solution for you if you have a repayment mortgage or loan and simply want to repay your debt if you die or are diagnosed with a terminal illness.

Zurich’s Adaptable Life Plan, offers more flexibility allowing you to provide your family with a cash sum whenever you die or are diagnosed with a terminal illness at any time with no fixed term.



Although Zurich don’t publish their life insurance claims statistics they paid out 94% of critical illness claims in 2013.


Critical illness cover can be included for an additional premium covering 55 serious illness including partial payments up to £15,000 for less severe conditions.


The critical illness add-on also provides an optional payment protection benefit if you are unable to work due to illness or injury.


Other additional benefits include waiver of premium, convertible and renewable term as well as an indexation option.


Zurich Policy Conditions

An overview of the key policy details of Zurich’s Life Insurance proposition.

   Overview of Key Policy Details

Policy Type

Level Term / Whole of Life / Decreasing Term

Policy Options

Level Term Life Insurance / Unit Linked Whole of Life Insurance / Decreasing Mortgage Cover

Policy Coverage

Single and joint life cover for first death only. Second death option available under Zurich’s Adaptable Life Plan.


Full Medical Underwriting

Premium Type

Reviewable / Guaranteed options available

Terminal Illness Cover


Optional Critical Illness Cover


Critical Illnesses Covered

38 critical illnesses are covered as defined in Zurich’s ‘Your Guide to Cover’

Children’s Critical Illness Cover




Waiver of Premium

Waiver of payment benefit will not be paid where pre-existing conditions caused the incapacity

Maximum Cover

There is no maximum cover for the sum assured for life cover or critical illness

Minimum Cover

  • Determined by minimum premium.
  • £1,000 minimum cover for critical illness or decreasing term options.

Min. Entry Age

16 years old

Max. Entry Age

  • Level Term Cover – 83 years
  • Decreasing Term – 69 years

The Adaptable Life Plan has no maximum age with yearly reviews after the age of 70

Guaranteed Insurability

Cover increase limits apply

Policy Exclusions

Some exclusions apply for self-inflicted injury and suicide within 12 months of the policy start date

Application Process

We can arrange for a paper application, however we would recommend that you complete your application with one of our independent insurance experts over the telephone on 0208 432 7333.

This is to ensure that you have not missed anything and will not risk any failed claims due to non-disclosure in the future

Claims Telephone Number

Call 0800 678 1100 or 020 7741 4700 for Zurich’s life insurance helpline

Other Zurich Policies

  • Zurich Income Protection Insurance
  • Zurich’s Health Insurance
  • Zurich Relevant Life Insurance
We have taken care to ensure that the information on this Drewberry owned website is accurate. However we can give no guarantee as to the accuracy of the content of the site. We accept no liability for any losses whether direct or indirect arising from errors on our part.

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Drewberry reviews Zurich Life Insurance…

Founded in Switzerland in 1872, Zurich is one of the world’s most experienced insurers often chosen for their knowledge, expertise and stability.

Zurich’s life insurance policies offer a range of options including a standard level term, mortgage friendly decreasing term and adaptable life plan that can pay out at any time.

The additional critical illness cover has the added benefit of payment protection weaved in, which will pay out an early benefit should you be unable to work due to illness or injury. With reviewable or guaranteed options available there are plenty of policies to choose from. The exclusions are limited but do include a range of self-inflicted injuries and suicide within 12 months of the policy start date.



Zurich Life Insurance – Questions and Answers

A series of commonly asked questions with regards to the policy coverage of the LV Life Insurance plans.

Q. In the event of my death I would want my family to receive my life insurance benefit ASAP. Is there any way to avoid probate delays with Zurich’s Life Insurance?

A. There will be no personal liability to income tax or capital gains tax on death or earlier cancellation of the plan and if you put your plan into a suitable trust, you may be able to avoid any probate delays due to inheritance tax liability.

There is an alternative tax-efficient life Insurance for the Self Employed, Contractor’s and Company Director’s known as a relevant life policy. This type of policy with offer significant tax deductable savings on your monthly premiums and under a relevant life trust, the benefit will not for part of your lifetime pensions allowance.

We can offer you advice on your insurance options and talk you through the process and help you to complete the relevant special trust section on your application. For advice on tax, please speak to a qualified financial advisor. The application form contains a special trust section, which allows you to do this.

Q. Will Zurich’s life insurance also cover me if I am unable to work due to an accident or illness or do I need a separate policy for this?

A. Yes. Although most life insurance products only cover death or terminal illness, Zurich’s Critical Illness add-on offers an additinal benefit paid out should you be unable to work due to sickness or injury during the term of your life insurance policy. However, we would recommend speaking to one of our independent insurance experts on 0208 432 7333 to ensure that this is the best option for you.

If you are are seeking cover for your salary an income protection policy may be more suitable as an additional or alternative policy depending on your specific circumstances.

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Really, really helpful! Stopped me from signing up with an unhelpful company, and did basically all of the legwork for me in signing up with the right one. I can't have been the most helpful client as I'm 19 and only just started looking into it last week, but he took all the questions in stride! Put up with me turning to ask my dad questions every 2 minutes as well. I was helped by 2 workers; Sam and Nick. Thank you very much to both!
L Finch
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Good communication and follow ups. Friendly. A thorough research for my insurance needs.
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Sam Barr-Worsfold was very helpful and provided excellent customer service. Sam discovered I was paying too much premium for my current cover. Sam recommended and helped moved to a new cover with lower premium that provided the level of cover (terms required stated in the provider's policy) I wanted. I recommend highly recommend Sam and Drewberry Insurance. Thank you Sam.
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Thorough, knowledgeable and great communication
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Went through each policy in detail and made sure I was getting the correct one for me