LEVEL TERM INSURANCE

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Level term insurance is just another name for life insurance. The amount covered does not change from the start of the policy to the end

Why it's use life insurance?
Life insurance is used to cover your family in the event of your death. It can be used to pay off your mortgage and any other financial bills. It gives your family less to worry about like were the drop in income would come from.

What it does?
Term assurance on its own pays out on the event of your death. It pays out the amount insured, no more and no less. If you insured yourself for 25 years for £200,000 and you died inside those 20 years your family would receive the £200,000.

How much should you insure yourself for?
The best way to find out how much to insure yourself for is to total up all your outstanding financial arrangements, e.g. mortgages, credit cards, store cards and loans etc.

How long should your cover last for?
Your cover can last as long as you want but most people take it out to cover the longest running financial agreement, usually their mortgage.