Level term life insurance

• Provides a lump sum on death or terminal illness to help provide a financial cushion for your family or pay off debts
• The level of cover remains the same throughout the term of the policy
• The policy pays out if you die during the term of the policy - or if, before the last 18 months of the term, you are diagnosed with a terminal illness. (A terminal illness means you are not expected to live for more than 12 months)
• Life insurance policies will only pay out once within the agreed time, so if the policy pays out because of a terminal illness claim, the policy and cover will end
• This plan has no cash-in value at any time

Decreasing term life insurance

• Provides a lump sum on death or terminal illness which can be used to cover outstanding repayments on a mortgage or loan
• The level of cover reduces each year - in line with the sum you owe
• If you die within the term of the policy, it will pay out a lump sum, to help clear whatever is outstanding on your debt at that point
• This plan has no cash-in value at any time

About our premiums

• Cover is available from as little as £5 a month which is 17p per day. The amount you pay depends on the cover you need, the period covered, your age, sex and state of health
• For example, a 35 year old non-smoking female could pay just £14 a month for £250,000 of level term cover for 25 years
• Monthly life insurance premiums are fixed for the duration of the policy
• Premiums for decreasing term insurance could be cheaper than other types of life insurance because of the reducing level of cover

Joint cover

• You can take out cover with your partner or another loved one. The policy only pays out once, so if one person dies and a claim is paid, the policy will end. If you prefer, you can each set up cover individually.

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