Below we have outlined the most common questions asked about life insurance. Please click on a question to get the relevant answer.

Do I need life insurance?
What are the different types of life insurance available and what do they cover?
What’s the difference between Level and Decreasing terms?
What does life assurance mean?
Where can I get life insurance?
How much will it cost?
Is risk important?
How many life insurance quotes should I get
How can I keep the price of my life insurance down?
How is a claim made on my life insurance?

What’s the difference between Level and Decreasing terms?

The two types of life insurance policies are Level term and Decreasing terms. Level term insurance policies will pay out a lump sum if you die within the period of time detailed on your policy. Decreasing terms function is to cover a repayment mortgage so the pay out will decrease over time, e.g. if a client has a £200,000 mortgage over a 25 year period the cover will decrease over time and simply pay off the mortgage if anything happens.

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