Level Term Assurance

A low cost protection product that provides a lump sum payable on death during the period of insurance. The sum assured is designed to remain level throughout the policy term.

This is a protection product only and, as such, never acquires a cash value. Cover will remain in force for as long as premiums are maintained or until the policy term is reached.

Benefits are payable free of tax with the exception of business assurance policies, which may be taxable if the policy premiums are claimed as a business expense.

There are a number of options that can be included within Term Assurance. Not all providers will offer the same options. An Independent Financial Adviser can find the most competitive policy with the options that you require.

Death Claims

The provider will not pay death claims in the event of suicide within one year of taking out the policy or increasing the benefit.