1.
We search the UK's top insurance providers
2.
Our results find the cheapest premiums
3.
Find a policy to suit your budget and lifestyle
Term insurance refers to the variety of life insurance types that are fixed for a certain term, usually up to around 70 years old or the end of a mortgage term. The different types can be differentiated by how they behave throughout the term of the policy. For example, with ‘level assurance’, however, the amount paid out remains the same for the duration of the policy while ‘decreasing term assurance’, the payout that your loved ones would receive in the event of your death decreases as you near the end of the term. This type of life insurance is sometime preferred by mortgage holders as the amount they would need to cover their mortgage decreases over time.
Alternatively, another form of term assurance, known as ‘family income benefit’ pays out a monthly income for the remaining term of the policy, rather than a lump sum. Complete the form on this page and TotallyMoney.com will connect you with an independent advisor who will talk you through your options and provide you with a free term assurance quote tailored to your budget and requirements.
1. Sum assured of £150,000 at £5 per month over 10 years for Mortgage Protection Assurance with Friends Provident. Available to a Female, non-smoker born 09/05/1986, single cover.Details correct as of 29/07/08