Level Term Life Insurance is ideal for providing protection for your family or business. The benefit is paid if you die or are diagnosed with a terminal illness during term of the policy. Other important features:
As opposed to Decreasing Term Life Insurance, the level of coverage is fixed and remains the same until the end of the policy.
Provides cash sum to your loved ones and is suitable to cover an interest only mortgage.
Guaranteed premiums remain fixed through the term of the policy, unless you choose to increase your cover.
Critical Illness Insurance add-ons are available to provide additional protection against debilitating illness.
Guaranteed insurability options allows you to increase your cover as your needs change without further medical evidence.
Additional options may provide flexibility to change the amount of cover, term and frequency of premium payments.
There is no cash value at any time or investment potential.
Level Term Life Insurance can be taken out as a single or joint policy. With a joint policy the benefit is paid out when the first person dies at which point the policy is terminated. Since there is no cash value, if you stop paying your premiums the policy will end after 30 days from the last payment.
For a quick quote on Level Term Life Insurance please complete a short enquiry and we will be happy to assist you.