I have had this policy for a number of years so I cannot exactly recall why I chose them initially or what the process was but I think I was recommended to them by my mortgage broker. I do remember at the time that it allowed for things like recreational SCUBA diving which other policies wanted to charge massively for.
The reason for the policy was to provide a lump sum that would pay off the mortgage in the event of either partner's death (taking into account money that would additionally come from death in service pension lump sum). Figuring that neither of us would likely want to have to work immediately following the other's death in order to keep a roof over our heads.
The policy is very reasonable and for the price of a few coffees each a month we do not have to worry about additional financial burden if the unthinkable happened.
The premiums never rise but the pay out is index linked. Everything is paid by direct debit so nothing gets missed.
low premiums, good lump sum