Level Term Assurance
This policy provides the same level of cover throughout the term. The sum assured (death benefit) and premiums will be fixed. A term life insurance plan would be suitable to protect an interest only mortgage.
eg. £100,000 of death benefit with a 10 year term.
Can be used for family protection and mortgage protection. Critical illness cover and terminal illness cover can also be added to the same policy.
Single life policy or joint.
When the policy ends there is no cash value.