Life Assurance and Critical Illness Insurance
Safeguard your future to protect what matters most to you in the event of death or earlier diagnosis of a critical illness. With people-focused plans and decades of expertise, you can depend on Oracle.
Here’s HowYou are in safe hands
Discover why our customers leave us glowing reviews. We hope our exceptional service and flexible plans will help you to feel calm, confident and certain at those critical moments.
Jay has been really helpful with all of our insurance policies from home to motor. The way Oracle’s system works with the portal is so easy to use I couldn’t recommend them highly enough.
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Brilliant service once again. I enquired about house insurance on a Friday afternoon as our renewal premium had more than doubled! Oracle not only came back with a quote out of hours, but we’re now paying a third of the renewal quote! We wouldn’t go anywhere else for our mortgage, life or house insurance.
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Jay was extremely helpful and knowledgeable, allowing us to swiftly move our house insurance for a fraction of the renewal price quoted elsewhere (after 14 years with no claims). Thank you Jay and Oracle for working through these unprecedented times!
Charlotte
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From start to finish Conor and the team were quick, friendly and always happy to answer any questions which in turn lead to our mortgage being approved. Great level of service, thank you.
Kris & Emma
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Lorna, thank you for all your help with our mortgage and loan so we could get our property. We are so thankful and will never forget all the help, advice and excellent level of service you provided.
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Individual life & critical illness assurance plans
Our options offer extensive protection so you can focus on what really matters in times of uncertainty. We'll secure the best life assurance and critical injury cover available so that you can relax.
It only takes 2 minutes
Take the Reins Of Your Future
Empower yourself with the right coverage to match your circumstances, and live with peace of mind knowing your loved ones' wellbeing is secured.
Accessible Policy Management
With our convenient policy portal, you can access and manage your account and documents at any time. Making a claim or updating your details has never been simpler.
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Assurance as Easy as 1, 2, 3
Get protected pronto with our straightforward process. We're at hand to guide you through from start to finish, every step of the way.
Keen to hear the finer details?
Our friendly and knowledgeable team can help clear up any queries you may have. Take a look at some of our commonly-answered questions below. We're here to support you to make the right decision for you.
What is Life Assurance?
Life Assurance is designed to pay out a lump sum when the person covered dies or is diagnosed with a terminal illness – where life expectancy is less than 12 months, during the term of the policy. Life Assurance can be used to help pay off a mortgage, provide a legacy or financial protection for a family member or friend.
What can Life Assurance cover?
Life assurance products include mortgage protection, business protection, key man insurance and estate planning.
Is Life Assurance the same as Life Insurance?
No, life assurance typically covers you for your entire life, whereas life insurance typically covers you for a specific term.
What is Critical Illness/Injury coverage?
Critical Illness or Injury Cover can be taken as a standalone policy or joint with Life Assurance. The lump-sum payment will be made once you have been diagnosed with a critical illness (listed within your policy wording) and survive for at least 10 days, or when the condition meets a specific severity point. This cover can be used to assist with a loss of income due to a critical illness by offering financial support through recovery.
What can Critical Illness/Injury cover?
It can help you to pay for things such as home alterations necessary to support you following a diagnosis or to cover debts such as a mortgage.
Can premiums be waived?
Premiums will be waived if the person covered is incapacitated for longer than 26 weeks. Waiver of Premium will end when the person covered reaches their 70th birthday. Waiver of Premium may not be available to everyone, or we may restrict cover. If this happens, the insurer will explain their decision.
Can my coverage be customised?
Yes, our plans can be tailored to fit your unique needs, ensuring you have the right level of protection.
Can children be covered?
Children’s cover can be taken as an add-on to your policy and could pay up to £50,000, per child per policy. It also includes pregnancy cover and death of a child.
What types of Life Assurance and/or Critical Illness cover are available?
‘Level’ covers you for a fixed sum assured. ‘Decreasing’ means the sum assured decreases each month to zero at the end of your policy. This works in the same way as the outstanding amount on a repayment mortgage. You can select an interest rate of either 5%, 6%, 7%, 8%, 10%, 11%, 13% or 15%. Premiums will be guaranteed and will not change unless you choose increasing cover. Finally, ‘Increasing’ means the sum assured increases each year by a chosen percentage, or RPI.
What is Total Permanent Disability cover?
Total Permanent Disability pays out if you become disabled and are no longer able to do certain things. There are different definitions depending on your health and occupation. We’ll tell you which definition applies to you when you take out your plan.
What are the definitions for Total Permanent Disability?
‘Own occupation’ means that you’re under 65 and unable to do your own occupation ever again. ‘Working tasks’ means that you’re under 65 and unable to do three specified working tasks ever again. ‘Living tasks’ means that you’re 65 or over and unable to do three specified living tasks ever again.
What happens if I claim Total Permanent Disability?
If you receive a claim for total permanent disability, you won’t be able to make a claim for any other critical illness and your cover will stop.