Life Level Term

Life Level Term - Summary of Cover

This is a general overview of the cover available, please read the insurance company's product key features for the specific cover and terms and conditions that apply.

• You decide on a sum insured and a term of years from the outset.
• The sum insured remains constant throughout the term.
• The plan has no investment content.
• If you die during the specified term then the sum insured is paid out.
• Can be set up as a single life plan, insuring one life for a predetermined sum insured and term.
• May also be set up as a Joint life first death plan where the sum insured is payable on the first death.
• Critical Illness benefit can be added to most plans where the benefit is paid on either death or a critical illness whichever should occur first.
• Terminal Illness benefit is normally payable on most policies during the term of the policy, this usually excludes the last 18 months of the policy term.
• As soon as the sum insured is paid out the plan ceases. If you survive the term and the sum insured has not become payable then the plan ceases and nothing is paid out as this product has no cash in value at any time. If you are replacing an existing policy please ensure you do not cancel your current arrangements until your new policy is in force.
• For impartial information regarding this products please visit the FSA's consumer website by clicking here

The FSA offer a general overview of Term Insurance which can be viewed online:
Click here to view the FSA Term Insurance Overview

Also available is a Financial Health Check from the FSA, which can be completed online:
Click here to complete the FSA Financial Health Check