Life Insurance (Term Assurance)
Term life assurance is one of the most commons types of life insurance policy, and also one of the most simple. Term life assurance only pays out if you die before the policy expires. Generally speaking, this type of policy requires a regular premium payment for a lump sum return in the event of the policyholder’s death.
Level Term insurance could be useful to provide families with a payout in the event of the policyholder’s death. Index linked term assurance is an option provided by some insurance companies and anchors the sum assured and the premium to the RPI (Retail Price Index.) In some instances this will be automatic, others will have to renew every year.
To find out more information about life insurance policies please contact us and we will be happy to help.