Level Term Life Insurance
Level Term Life Insurance is the simplest and most affordable type of life insurance. This type of policy will payout a lump sum in the event of death within a specified period of your choice (defined as the 'term'), which could be essential in helping you loved ones be financially secure without your income. You can choose the right term for you, usually from 10 to 40 years. In many cases this period coincides with life's milestones such as when the mortgage is expected to be paid off or when you expect your children to be independent. The term "Level" means that the payout is a set amount and does not vary throughout the life of the policy.
This type of life insurance has no cash value or investment elements. You are covered for as long as you pay the monthly premiums. Some Term Insurance policies can have an addition components such as critical illness cover. In this case the policy pays out if you are diagnosed with a qualifying critical illness.
Key benefits of Level Term Life Insurance:
- Ideal for individuals with temporary debt such as a mortgage
- Most affordable type of life insurance
- Benefit is guaranteed and does not decrease during the term of the policy
- Most suitable for business owners with debts or large start-up costs
To receive free, no obligation quote or more information on Level Term life insurance please complete a short form and a professional adviser will be happy to assist you.