Shopping around for competitive level term assurance quotes? If so, simply find the insurer that best matches your life profile using the Insurance Quote finder or get an online quote direct from the top life insurance companies listed on the right.

Alternatively, read our level term assurance information guide below and make sure you’re life is adequately covered, or visit the information sections to discover where to find competitive cover.

Level Term Assurance Guide

What is this type of policy for?

In most cases level term assurance covers the life of those insured on the policy for a defined number of years. If during the period of insurance a policyholder dies, a lump sum is paid out which is normally specified at the time of purchase. The main purpose of level term assurance is to cover the mortgage or provide protection to family dependents in the event of unexpected death of the life covered through illness or injury. It is important to remember that level term assurance does not pay out a lump sum at the end of the insurance policy. Also, term Assurance does not provide a surrender value should you wish to cancel the policy during the period of cover.

Since the product was introduced, many life insurance companies have sought to enhance the product in various ways. Examples of this include decreasing term assurance policies. The idea behind this product variant is to provide decreasing death benefit in line with capital reductions on a repayment mortgage. Therefore, if the half of the mortgage is paid off, life cover is also halved.

Other types of level term assurance include critical illness insurance for an additional premium. The market for this type of product is very competitive with increasing numbers of life insurance companies prepared to offer online quotes, therefore, consider shopping around for the best quotation.