Level Term Life Insurance : Also know as Family Protection, this policy will pay out a fixed lump sum if you die during the policy term. If you do not die during the policy term then the policy will cease and you will not get anything back.
Decreasing Term Life Insurance : Also know as Mortgage Protection Life Insurance, this policy is designed to decrease alongside the balance of your mortgage and as such is usually priced lower than Level Term Life Insurance as your benefit level decreases over the term in a similar way to how the balance of your mortgage would decrease.
Whole of Life Insurance : People wanting to ensure their funeral costs are covered or need to protect a potential Inheritance Tax liability usually require a Whole of Life Insurance policy. This protection covers you for the whole of your life meaning as long as you keep up your payments the policy will pay out in full when you die, whenever that occurs.As the pay-out is guaranteed a Whole of Life Insurance policy will usually be more expensive than term cover.
Critical Illness Insurance : Can be added on to Level Term and Decreasing Term Life Insurance for an additional cost. Critical Illness Insurance will pay a lump sum if you are diagnosed with a defined critical illness during the policy term.
Get My Free Quote
