ABOUT Level Term life Assurance
This is a type of insurance that pays out if the policyholder dies during the policy term. Level term means that if you need to make a claim, the sum assured will not vary during the term of the policy.
How does It Work?
- Level term policies is very comprehensible. The policy holder determines the length of the policy term and the amount of policy cover e.g., 30 years and £150,000 respectively.
- If the policy holder were to die at any point during the term of 30year, there will be a payout of the sum assured of £150,000.
- Level Term Life Assurance can cover the policy holder for the term of the mortgage and beyond.
Index Linking Policy Against Inflation
- You can index link your policy and premiums from the outset to the Retail Price Index to protect the sum assured against losing its value to inflation. For example, if you arrange a policy for £150,000 for 30years and there’s need to make a claim in 25yrs, the sum assured will not hold the same value as it was when the policy was taken out. But when you index link the policy, the sum assured grows in line with inflation and so does your premiums.
Why Choose This Type of Assurance?
- If you are a homeowner with a mortgage and financial dependants, Level Term Assurance should be considered as your minimum requirement for protecting your mortgage and family. The sum assured is fixed and the monthly premiums will not change through the term of the policy unless you opt to index link your premiums
- We are qualified and trained to all aspects of Life Assurance. We will carefully review your personal circumstances now and your aspirations for the future.
- If you live in Manchester, we are happy to sit over the table with you and recommend the best options for you with regards to Level Term Assurance and we can do over the phone if you are anywhere in the United Kingdom.