David Allan

Expertly compared by David Allan

Products Updated April 20, 2018

Level Term Life Insurance

If you need advice or want to find the best life insurance deals that meets your needs then our experts and providers and can help.

FREE life insurance comparison. Our experts at ActiveQuote can help find you a great deal from across the marketplace:

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All credit types
Rated 4.8/ 5

ActiveQuote

Provider
ActiveQuote

Products
Life Insurance

Speciality
Compares The Market

Active Quote will compare the marketplace across 10 life insurance providers to find you the best deal that meets the needs of youself and your family. Finding the best deal from providers such as Zurich, VitalityLife and Royal London only takes a few minutes and policies can be purchased online.

Available via broker only
All credit types
Rated 4.7/ 5

Friends Life

Provider
Friends Life

Products
Life Insurance

Speciality
Life Insurance

Friends Life is now part of the Aviva Group. Get the cover you need to protect your family and loved ones when you're no longer around.

Available via broker only
All credit types
Rated 4.2/ 5

Zurich

Provider
Zurich Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Zurich Life Insurance will pay out a cash sum if you die during the term of the policy, or if you are diagnosed with a terminal illness and are expected to live for less than 12 months. Plans can be tailored with optional extras to suit your individual requirements and to provide added peace of mind.

Learn More Available via broker only
All credit types
Rated 4.6/ 5

Vitality

Provider
Vitality

Products
Life Insurance

Speciality

If the worst should happen, or you can’t work because of illness or injury, Vitality Life's 5-star Defaqto award-winning range of protection products will give you or your family payments to make things easier.

Available via broker only
All credit types
Rated 4.5/ 5

LV

Provider
Liverpool Victoria

Products
Life Insurance

Speciality
Life Insurance

Life insurance from Liverpool Victoria will pay a lump sum should the worst happen, so you will have peace of mind that your family and loved ones will be financially protected when you’re no longer here. Even superheroes need protection.

Available via broker only
All credit types
Rated 4.6/ 5

Legal & General

Provider
Legal & General

Products
Life Insurance

Speciality
Life Insurance

Life cover or life assurance helps you to financially protect the future of your loved ones. Life Insurance from Legal and General offers reassurance that your loved ones or family will still be looked after financially should the worst happen.

Available via broker only
All credit types
Rated 4.5/ 5

Royal London

Provider
Royal London

Products
Life Insurance

Speciality
Life Insurance

With a policy in place with Royal London , you can leave money to your loved ones when you pass away, to help protect your family financially. Get a free quote or apply online.

Available via broker only
All credit types
Rated 4.6/ 5

Ageon

Provider
Ageon Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Ageon is here to help you reach your goals at every stage of your life. Part of that involves putting plans in place to adequately protect and insure you against the unexpected things in life.

 

FAQ's

What is level term insurance?

With level term life insurance the cover provided does not change over the duration of the agreed term time of the policy.

Often, the main reason why people purchase level term life insurance policy would be to cover a mortgage (also see mortgage payment protection). This policy will provide you and your family with security should the worst happen and you die. Peace of mind is another reason because you know that your mortgage costs would be paid off if you were to die, so your loved ones are not left to struggle to ensure that all monthly payments are met.

Level term insurance is a great product to have should you need or want any debts paid off if you were to die. Some people have this type of policy to ensure a set amount of money is left to their family should the worst happen.

Also see: Family life insurance

How does it work?

This type of cover has an agreed term time and this will be determined in the process of purchasing the policy. Also the agreed benefit pay out will not change for the duration of the term time agreed.

Although the agreed benefit pay out amount does not change we can offer some help regarding your monthly premiums,we can offer a fixed monthly agreement or a review point which means your monthly premiums can reviewed after a number of years should your circumstances change, but of course this is your choice.

What are the features?

Here are the features of this policy;

  • Ensures your bills are covered so in the event of the policy holders death, the policy will act as a safety net for the family.
  • Level of cover provided does not change for the duration of your policy so you are always aware of your coverage from this policy.
  • Option to have fixed monthly payments or to have a review point to suit your needs, if your circumstances change you can change the policy with them.
  • Your family will have financial security should the worst happen, this will give you peace of mind knowing you have something in place if you were to die.
  • The benefit amount is also fixed to provide certainty for the policy holder and their family.

What are the benefits?

Here are the benefits of this policy;

  • The premiums can be fixed so you know exactly how much your paying per month for the cover you require.
  • The policy can be reviewed should your circumstances change during your agreed term time.
  • The benefit pay out is fixed for the agreed term time.
  • The death benefit pay out is tax free.
  • You and your family are financially protected.
  • Mortgage and other debts are covered.

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