There are many forms of life insurance, the most common being:
Level Term Insurance is where you have a certain
amount of sum assured (i.e. £150,000) over a number of
years 10, 15 20years and so on. The premium is calculated over
the amount of years and then you pay a set amount (which is
normally guaranteed) each month (or annually).
Decreasing Term is normally where you have
a mortgage on a repayment basis and the sum assured starts at
the amount you are borrowing and starts to decrease just like
the amount of your mortgage deceases over the years .
“Pay as you go” Term
is where your premiums are calculated over the term 10,15 or
20 years etc. and instead of you paying a level premium you
pay for the year you enter and it goes up each year. But it
is normally a lot cheaper over the whole term.
Life insurance is a policy that people buy, which can be the
basis of protection and financial stability after one's death.
To get a quote for life
insurance, click here, or drop us an email through our contact
page.
Need more help? Why not give us a call,
or click here to contact
us via our online form.
