Term insurance is the cheapest - and simplest - form of life insurance. You insure yourself for a set term - until a loan is paid off, for example. It doesn't contain any investment element - it simply promises to pay out if you die within the term. If you don't die within that time, you receive nothing.
Term policies can either be level or decreasing. A level policy simply means the sum assured remains 'level' throughout the term of the policy. If you die on the first day of the policy, the exactly the same amount is paid out as if you died near the end of the policy. A decreasing term assurance policy (or mortgage protection) on the other hand, will pay out more at the beginning of the policy than it would at the end.
If you would like to learn more about Level Term Assurance contact us here.
In order to determine the best solution for you, meet with one of our advisers, who will asses your current situation, or issue that you want addressed, and will construct an effective affordable solution specially tailored to fit your needs.