Level term Life Insurance pays out the amount of money (the sum assured) as originally requested when you take out the insurance. The price you pay and the monthly premiums are decided by the insurer before you start your policy, and for the duration of the policy the monthly premium will remain fixed.
Your level term Life Insurance will pay out if you were to die before the end of your policy, providing you are still paying the monthly premiums and is used most often to protect your family and/or to pay off an interest only mortgage.
Most Life Insurance policies will pay out early if you are diagnosed with a Terminal Illness Policy with no more than 12 months to live – this is known as Terminal Illness Cover and is different and separate to Critical Illness Insurance. Certain exclusions may apply.
Help make sure your family are financially protected with Life Insurance. Without protection you run the risk of leaving your loved ones struggling to cope financially if you were to die unexpectedly.
For most of us making a Life Insurance comparison is not a simple job, which is where our friendly, knowledgeable staff at Financial Protection Ltd come in. They will be happy to discuss the best life cover for your needs by consulting our panel of top insurers. The service is free and with no obligation. All we need to get started are a few details — call us on 0800 103 2613, or click the button below to request a callback.