- Insurance
- Life Insurance
- Level Term Life Insurance
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We compare Term Life Insurance
Our results table clearly shows the monthly premiums from up to 10 insurers all at once. Policy differences are highlighted using ticks and crosses against additional features such as whether the policy provides cover during the application process, pays out early in the event of a terminal illness, or provides additional benefits such as bereavement counselling as part of the policy.What is level term life insurance?
Level Term life insurance is a policy which will pay out a lump sum in the event of a life insured’s death, during the term of the policy. You can select how much cover you need (the sum assured), and how many years you will need the cover for (the term).With a Level Term insurance, the sum assured chosen at the policy outset will remain the same for the entire term of the policy.
How can level term life insurance be used?
Level term life insurance can be used to:- Provide a lump sum to your family
- Protect a mortgage
- Protect a business loan or overdraft
A Level Term insurance policy will give you peace of mind that your family and loved ones will be more financially secure in the event of your death, as they will receive the pay out of the sum assured at that time.
Level Term insurance is normally used to cover interest only mortgages where the balance owed to the lender does not reduce, so the same sum assured will be required throughout the entire mortgage term.
Level Term insurance can also be used for a repayment mortgage, however, and under these circumstances as time goes by, in the event of death, the policy will pay out a surplus over and above the outstanding balance of the mortgage. Some customers like this idea as it is providing an increasing excess which can be used to help surviving relatives and loved ones.
Level Term insurance can also be used for a repayment mortgage, however, and under these circumstances as time goes by, in the event of death, the policy will pay out a surplus over and above the outstanding balance of the mortgage. Some customers like this idea as it is providing an increasing excess which can be used to help surviving relatives and loved ones.
If you are in business you may from time to time borrow money in the form of a formal mortgage or business loan or just in the form of a secured or unsecured overdraft.
A Level Term insurance policy can be used to provide a lump sum on death equal to the amount borrowed to pay off any unsecured or secured debt. In certain circumstances, the premiums can be paid by the business and can be tax deductible.
A Level Term insurance policy can be used to provide a lump sum on death equal to the amount borrowed to pay off any unsecured or secured debt. In certain circumstances, the premiums can be paid by the business and can be tax deductible.
We check our pricing regularly. Here are the results of our research last done on 14 May 2012.
Level Term, £200,000 over 20 years,
non-smoker.
non-smoker.
Age 34
Age 34
Male
Female
Payingtoomuch.com
£9.97
£8.07
comparethemarket.com
£10.64
£8.61
gocompare.com
£10.64
£8.61
confused.com
£10.68
£8.65
More Th>n
£10.88
£8.81
ASDA
£11.78
£9.48
Sainsburys
£11.78
£9.79
Tesco Bank
£14.15
£12.47
TheAA.com
£15.17
£12.22
Once you've compared, you can buy your policy online through our website
Once you've compared prices & features and found the right policy for you, you can fill in the rest of your details including any medical questions on our website. We'll then set the policy up on your behalf, so you don't even need to leave our website.30 Day money back guarantee
You can cancel your application at any time up to 30 days after the policy has started and get a full money back guarantee. So you can apply and start a life insurance in the full knowledge that if you change your mind at any time you can withdraw from the transaction and get a full refund of any premiums paid.Peace of mind
We can provide you with peace of mind. You can search all the options, select the one that suits your budget and circumstances and complete your application online or by phone.Once you are covered you can rest assured that your dependants are well protected giving you that valuable peace of mind. Should you no longer require the cover at any time in the future you can simply stop paying the premiums and the cover will cease, no questions asked and without penalty.