Worrying about your loved ones struggling financially when you are no longer around is enough to keep you awake at night. But with a level term life insurance policy, you can rest assured that your beneficiaries will receive a specific sum should you die within the term agreed in your policy. The right policy will give you peace of mind that should the unexpected occur, your family’s financial future will be secure.
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Whether you are worried about the repayment of debts or simply life carrying on as normally as possible when you are gone, a level term life insurance policy could be the perfect solution. This type of cover will ensure that your loved ones will receive a specific sum if you die within the term agreed in the policy. You can also use this type of life insurance to leave a gift to the next generation.
From paying off an interest-only mortgage to leaving a fixed sum to beneficiaries, you are in control of how your insurance cover is arranged. At Policy Compare, we help you to determine the amount of cover you need and to choose a policy that suits your needs and gives you instant peace of mind.
Get StartedWe wish we could put it another way, but everybody is going to die one day. If you are not around to support your family, how will they cope financially? Life insurance takes care of the important things like paying a mortgage off or paying a monthly income.
Every family is different and this will have an impact on the amount of cover you need. For example, if you are a homeowner, you might want to consider a policy that covers the length of your mortgage. If you have a family, level term life insurance can be used to provide cover over your entire lifetime and pay for things like educational costs, daily living expenses and childcare.
Yes, you have the freedom to cancel your policy whenever you like. Most policies allow you to cancel within a 30-day period and all premiums that you have paid during that time will be returned to you. If you cancel outside of this time, you won't receive any premiums back.
If you need to change your life insurance policy, this is usually relatively straightforward to do. For example, you may want to extend or reduce the period of cover, increase or decrease the amount of cover or remove somebody from a joint policy.