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 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.
Know which amount the limit describes
For Squirrel Life Cover, the range is up to £300,000.00 depending on the level chosen. For a savings product it is the opening and maximum principal; for an ISA it is the demo annual allowance; for a card or overdraft it is an assumed credit limit; for the mortgage it is an advance range; and for investments it is the minimum lump sum and any allowance. An interest credit may take savings just above the stated principal cap; further deposits then pause.
Before you increase the balance
| Check | Why it matters |
|---|---|
| Minimum | Amounts below the model minimum do not qualify for this product scenario. |
| Maximum or allowance | Projection examples stay within the stated principal cap or demo allowance. |
| Already at the cap? | Assume no further additions; accrued interest or growth is still credited. |
| Credit limit | Available borrowing is a limit less debt already used, not income or savings. |
The worked examples show the product-specific calculations and timing assumptions in full.
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 — Imaginary Fees and Other Chestnuts
- Squirrel Life Cover — Worked Woodland Examples
AcornBank: entirely fictional banking, exceptionally committed squirrels.