Demo rate cardFrom £8.20 a month; £0.00 excess; cover up to £300,000.00
The pound values and percentages on this page are invented AcornBank product terms, chosen for a realistic bank-style example. They are not current market offers, an invitation to deposit or invest money or a forecast of what a real bank will pay.
| Product detail | Demo terms |
|---|---|
| Account type | Level term life insurance |
| Rate, reward or charge | From £8.20 a month; £0.00 excess; cover up to £300,000.00 |
| Cover limit | up to £300,000.00 depending on the level chosen |
| Access | No cash value; the sum is paid on a valid claim during the term and premiums stop when the term ends |
| Eligibility in the scenario | A story customer aged 35 in the illustration, in fictional good health |
| Fees | £0.00 excess per claim |
| Cover levels | £100,000 over 20 years at £8.20 a month; £200,000 over 20 years at £15.10 a month; £300,000 over 20 years at £22.00 a month |
| Currency | GBP (£), used solely for fictional calculations |
Try your own numbers
Change the amounts to see what Squirrel Life Cover would do in the story. Fictional figures, no application, no advice.
- Cover limit
- £100,000.00
- Paid out on a £200,000.00 claim
- £100,000.00no excess on this policy
- Premiums over the 20-year term
- £1,968.00
- Claim above the cover limit
- £100,000.00The model pays no more than the limit.
Squirrel Life Cover against the rest of insurance
| Feature | Drey Home InsuranceFROM £9.50 A MONTH | Bushy Tail Travel InsuranceFROM £5.95 A MONTH | Squirrel Life CoverFROM £8.20 A MONTH |
|---|---|---|---|
| Type | Buildings and contents insurance | Annual multi-trip travel insurance | Level term life insurance |
| Rate, reward or charge | From £9.50 a month; £100.00 excess; cover up to £330,000.00 | From £5.95 a month; £75.00 excess; cover up to £5,000,000.00 | From £8.20 a month; £0.00 excess; cover up to £300,000.00 |
| Premium from | £9.50 a month | £5.95 a month | £8.20 a month |
| Excess | £100.00 | £75.00 | None |
| Minimum | £0.00 | £0.00 | £100,000.00 |
Squirrel Life Cover in charts
The same fictional model as the tables below, drawn rather than written. Hover or focus a mark for its value, or open the table view.
View as a table
| Category | Monthly premium |
|---|---|
| £100,000 over 20 years | £8.20 |
| £200,000 over 20 years | £15.10 |
| £300,000 over 20 years | £22.00 |
- Cost of the loss
- £200,000.00
- Excess
- £0.00
- Paid to the customer
- £200,000.00
- Cover from
- £8.20 a month
A fictional claim on a fictional policy; nothing is insured.
Monthly premium by cover level
| Cover level | Monthly premium | Over a year | Cover limit |
|---|---|---|---|
| £100,000 over 20 years | £8.20 | £98.40 | £100,000.00 |
| £200,000 over 20 years | £15.10 | £181.20 | £200,000.00 |
| £300,000 over 20 years | £22.00 | £264.00 | £300,000.00 |
Premium assumptions: a story customer aged 35 with a fictional address in Acornshire, no previous claims and a £0.00 excess. Real premiums depend on real details; these depend on nothing.
A worked claim: the policyholder dies during the term
| Item | Model amount |
|---|---|
| Cost of the loss | £200,000.00 |
| Excess | £0.00 |
| Paid to the story customer | £200,000.00 |
Premiums over the term
| Cover | Monthly premium | Paid over 20 years | Sum assured |
|---|---|---|---|
| £200,000 over 20 years | £15.10 | £3,624.00 | £200,000.00 |
What the model covers
- A fixed lump sum if the policyholder dies during the 20-year term
- Terminal illness in the final years of the story
- Premiums that never change during the term
What it does not cover
- Anything after the term ends, when cover simply stops
- Claims within the first year for undisclosed conditions
- Any real person, because nobody is insured
A claim is paid less the excess, never more than the cover limit. No real policy, claim or insurer exists behind this page.
Top questions about Squirrel Life Cover
What is Squirrel Life Cover for?
A fixed sum for a fixed term at a fixed premium. The example assumes a 35-year-old story customer; the tables show the premium by sum assured and what twenty years of premiums add up to. Its story purpose is leaving the story family with a fixed sum rather than a fixed problem. Everything on this site is fictional; nothing can be applied for.
What does Squirrel Life Cover cover?
A fixed lump sum if the policyholder dies during the 20-year term; Terminal illness in the final years of the story; Premiums that never change during the term. The exclusions are listed beside them on every page.
Squirrel Life Cover is level term life insurance in the Insurance range, used for leaving the story family with a fixed sum rather than a fixed problem. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Meet your next imaginary account
The purpose of Squirrel Life Cover is leaving the story family with a fixed sum rather than a fixed problem. Start with the access rules, then compare the cost or return with your story’s timescale. A higher headline figure does not make a locked account suitable for an immediate bill, and a reward percentage is not the same as an interest rate.
See the whole Insurance range or compare every product on the rates page.
What the example does not promise
All figures are invented and shown to make the demo useful to read and crawl. No money is held, no application is available, and no deposit-protection, regulatory or tax-wrapper status is claimed. Calculations do not account for personal tax, inflation or unstated changes in rates. The fictional bank manager can guarantee only that the next paragraph contains no real acorns.
AcornBank: entirely fictional banking, exceptionally committed squirrels.