Level Term Life InsuranceStraightforward Constant Cover over a Set Time Frame

Level Term Life Insurance means that the life cover you would receive remains constant throughout the length of the policy term. The pricing of your policy is set on the basis that you would receive a full payout if you should die at any point during the policy term. The 'sum assured' or the amount that you would receive as a payout in the event of your death during the policy term would remain unchanged throughout. The amount that you would pay each month towards the policy, known as the premium, would also remain unchanged. People usually choose Level Term Life Insurance when they want to ensure that if they should die unexpectedly, they would be able to continue providing for their partner or family. More info

The fact that the lump sum payout does not change (unlike Decreasing Term Life Insurance) means that the payout could be used for other expenses such as school or university fees and other unforeseen debt when the mortgage loan had been paid off. Due to the fact that it is 'Term' insurance, the insurer would only pay out if you were to die within the pre-agreed period of the policy. This means that if you had a policy in place that would pay out £200,000 if you were to die within the next 20 years, the policy would be void if you outlived this period of time. It is worth speaking to a professional insurance adviser to explore your options, and to receive a no-obligation quote based on your personal circumstances. If you would like to speak to someone, please complete the short form on the following page. Less