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 |
Squirrel Life Cover questions
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.
How much does Squirrel Life Cover cost?
From £8.20 a month, rising with the cover level. The full table is on the rates-and-returns page.
What is the excess on Squirrel Life Cover?
None: life cover pays the full sum assured.
How do I claim on Squirrel Life Cover?
In the story, report the policyholder dies during the term to the branch with its cost; the model pays it less the excess, up to the cover limit. No real claim can be made.
Insurance questions
Shared across the whole range.
What does an excess mean?
The first part of any claim the customer pays. A £1,200 loss with a £100 excess pays £1,100. Life cover has no excess.
Can I cancel a policy?
In the model, yes: a 14-day cooling-off period applies and after that a pro-rata refund. Life cover simply stops when premiums stop.
Does any of this insure anything real?
No. No policy, insurer, claim or payout exists. Every page is a worked example of how insurance figures fit together.
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.
Frequently asked squeaks
The questions and answers on this page come from AcornBank’s single shared FAQ collection, so the same wording appears here, on the Insurance hub and in the full FAQ list. Every answer is about a fictional product: From £8.20 a month; £0.00 excess; cover up to £300,000.00 is a demo figure and nothing can be applied for. The summary and worked figures below give the numbers the answers refer to.
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.
Related reading
- This Is a Fictional Bank — No Real Banking Here
- Site Map — Every Branch of AcornBank
- Rates — Savings, Borrowing and Rewards
- Help — Unruffle Your Tail
- Insurance — Cover for Dreys, Travels and Tails
- Squirrel Life Cover — Compare the Canopy
- Squirrel Life Cover — Fictional Product Terms
AcornBank: entirely fictional banking, exceptionally committed squirrels.