Level Term Life Insurance
With Level Term Life Insurance this offers the same payout throughout the life of the policy, so your dependents would receive the same amount whether you died on the first day after taking the policy out or the day before it expired.
This tends to be used in conjunction with an interest-only mortgage, where the debt has to be paid off only on the last day of the mortgage term.
Fixed Premium
With level term insurance premiums are fixed for the duration of the term and a payment will only be made if a death occurs during the period of cover.
A Level term insurance policy is taken out for a fixed term (duration).
This type of term insurance policy can also be useful for providing security to dependents up to a certain age.
Independent Advice
For more information on level term life insurance or more tailored life insurance advice specific to your circumstances please use our free call back service provided by one of our partner firms.
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