‘Life Insurance’ and ‘Life Assurance’ are different. Assurance is something that is certain to happen whereas insurance is where there is only a risk of it happening. Death is definitely ‘Assurance.’
- Level Term Assurance is often taken out in conjunction with interest only mortgages. The benefit remains level for the entire term of the policy.
- You choose the amount of cover you require and the term of the policy that suits you.
- The policy can be set up on a single or joint basis for couples.
- As soon as a claim is made the policy pays out and comes to an end
- Any benefit is paid to you free of tax
- The policy is purely for protection only and has no cash-in value at any time.
- Waiver of premium can be included in the policy
- Critical Illness can be included in the policy
- Level Term Assurance is one of the cheapest ways of protecting your home and family
