Key Features

These are the Key Facts associated with a Simply Life policy

Its aims

To help protect your family from the financial consequences of you dying or being diagnosed with a Terminal Illness during the benefit term, by paying out a lump sum.

The policy stops on the payment of the lump sum or the end of the benefit term, whichever is sooner.

Your commitment

You agree to:

• Pay regular monthly premiums throughout the benefit term.
• Give the information asked for when you apply for your policy and make a claim. If you don't do this, your claim won't be paid.
• Let AEGON Scottish Equitable know about any claims you need to make within the relevant time limits.

Risk Factors

• If you stop paying premiums, your protection will stop immediately.
• The policy only provides a lump sum on death or diagnosis of a Terminal Illness and has no cash-in value at any time.
• In certain circumstances, a claim may not be paid. See the Key Features for more information.
• If the information received when you take out your policy is incomplete, incorrect or untrue, your claim may not be paid. See the Key Features for more information.
• If you choose the reducing benefit, your benefit amount will reduce each month over the benefit term in the same way that a repayment mortgage would reduce if it was repayable over the benefit term at a yearly mortgage interest rate of 10%. So, if interest rates are consistently above 10%, the amount paid when you make a claim may not be enough to pay off your oustanding mortgage. AEGON Scottish Equitable will never pay out more than the original amount.