Level Term Life Insurance / Level Term Life Assurance

There are some polices, however, which will allow you to amend the sum assured during the term of the policy upon certain specific situations:

• Marriage
• Birth of a child
• Moving home

Level life insurance can be used for:

• Protecting your mortgage – interest only mortgage
• Family or personal protection

Most insurance companies include terminal illness cover free of charge. This will pay out the sum assured to the policy holder upon diagnosis of a terminal illness during the term of the policy (although not usually during the remaining few months of the term of the policy – it will still pay out on death).

We are more than happy to help you in selecting a term of sum assured if you would like to discuss this further.