What is term life insurance?
Term life insurance pays a tax-free lump sum if you die during the policy term. You choose the amount of cover and how long the policy should run for.
It is commonly used to protect a mortgage, provide money for children while they are growing up, or replace income for a partner or family member.
Key benefits
- Level or decreasing cover options
- Fixed monthly premiums available
- Can be written in trust
- Suitable for family and mortgage protection
Frequently asked questions
The right amount depends on your mortgage balance, income, debts and what your family would need each month if you were no longer around.
Yes. Decreasing cover is often used for repayment mortgages because the cover amount reduces over time.
Many customers only complete medical questions. A medical may be requested for larger sums assured or complex medical history.