Fortis Life Insurance Review 2025
“Fortis Life Insurance” was launched in 2008 in the UK.
The main idea of the Low Start plan is to offer lower premiums at the beginning, which gradually increase over time.
“Fortis Life Insurance” was launched in 2008 in the UK.
The main idea of the Low Start plan is to offer lower premiums at the beginning, which gradually increase over time.
Fill in the form below for a FREE, no obligation quote now.
“Fortis Life Insurance” was launched in 2008 in the UK. It is now known as “Ageas Protect”, a subsidiary of Ageas. It is a leading provider in the UK of Personal and Commercial Lines insurance solutions.
“Ageas” consists of nine businesses, but its main market is the general and life insurance market. Ageas has three main propositions for its clients: YourLife Plan, Low Start, and Real Life Cover.
YourLife Plan offers many possibilities for its clients. The insurance policy can be chosen from term assurance, critical illness cover, family income benefit, and income protection benefit. It is possible to choose just one of these options or combine them. To start a YourLife plan, individuals typically need to choose either the sum assured or the monthly benefit to be paid out in the event of a successful claim. Furthermore, the term of the cover and the number of people covered are chosen.
The main idea of the Low Start plan is to offer lower premiums at the beginning, which gradually increase over time. While the total premiums paid will be higher compared to the traditional YourLife Plan, the premium increases are strictly outlined in the contract. This prevents the provider from increasing premiums beyond what was initially agreed upon. Individuals can switch to level premiums by reducing the initially agreed amount of cover.
It is possible to choose Term Assurance and Critical Illness Low Start plans. Low Start Term Assurance is only available with a level sum assured. This differs from Low Start Critical Illness cover, where only the term of the cover and the number of insured persons are chosen before the contract.
We compare plans from the leading life insurance providers
Real Life Cover combines life insurance, income protection benefit, and limited critical illness cover. It consists of three parts: Life Cover, Living Cover, and Optional Unemployment or Extended Carer’s Cover. Firstly, individuals decide the amount of Life Cover they need, which is paid out in the event of death or terminal illness. It is possible to opt for an increasing cover each year, but the premiums will also increase accordingly.
Living Cover includes income protection, critical illness cover, recuperation cover, and child and partner carer’s cover. A ‘Living Fund’ is established, equal in size to the chosen Life Cover. Each time a benefit is paid out, the Living Fund value decreases by the same amount. It is not possible to contribute to the Living Fund or cash it in after the insurance term ends.
Furthermore, Optional Unemployment and Extended Carer’s cover benefits can also be added. While premiums will increase, benefits paid out from these optional covers do not reduce the Living Fund value. However, these benefits are generally not recommended for self-employed individuals, as payouts are typically only made if the business ceases operations or is on the verge of doing so.
