Life Insurance (LTA)
Life Cover that pays out a fixed lump sum if a person dies within the specified period of the policy.

Mortgage Life Insurance (DTA)
Life Cover where the lump sum reduces in line with the outstanding mortgage balance over time.

Terminal Illness Benefit (TIB)
Not to be confused with CIC, this benefit simply allows those who are diagnosed with less than 12 months to live to claim early on a life insurance policy. The benefit is often included with life cover at no extra cost.

Critical Illness Cover (CIC)
Pays out on diagnosis of a specified condition during the policy term, often regardless of the level or speed of recovery.

Guaranteed and Reviewable Premiums
Guaranteed rates will stay the same throughout the term of the policy. Reviewable rates can be reviewed at the insurer's discretion (usually after the first five years)