Level Term Insurance
Level term assurance is the simplest form of life insurance. It covers you on a level basis so that you are always paid the same amount if you pass away during the policy. For example: if you had £100,000 cover (also known as £100,000 sum assured) for 10 years the policy would pay out £100,000 if you passed away in year 1 or year 9.
The second point to consider is that the policy is taken over a specific term. Term being the number of years that you need the cover, this, along with the sum assured is flexible and based on individual circumstances - cover until children are grown up or perhaps until retirement.
The maximum length of the policy is restricted by each provider but usually until 80-85 years old. If you need cover beyond this age you need to consider a whole of life policy that has no term and lasts for the rest of your life.
Level term assurance policies premiums are usually guaranteed (this means they will never change) and pay out a lump sum upon death.
Use the form above to compare level term life insurance quotes!