Level Term Life 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

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.

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.

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.