1st 4 life insurance uk

Level term life assurance UK

Level term assurance UK is the policy most often chosen by people who require family protection. The way it works is this: if you die during the term of your policy then your dependents will receive a lump sum (tax free). For instance, the term of your life insurance UK could be twenty years. If you were insured for £100,000 then, should you die within that twenty year period, £100,000 would be paid out by your insurer to your dependents.

Your amount of life insurance UK cover will normally remain level over the plan term that you have selected with level term life insurance. However, it is possible to arrange your cover so that benefits increase in line with inflation. For a small additional fee you can add this optional extra to your level term assurance UK policy to make sure that your cover keeps up with the economic climate.

Level term life insurance will, explained at its most basic level, pay out a guaranteed lump sum should the policyholder die within the policy term.

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