A Level- Term Assurance policy pays out a lump sum if you died within the specified terms.  The amount in which you are covered for remains level throughout the term-hence its name level term. It is also good to know that the amount of monthly or annual premiums you pay usually stay the same, too.

Level-Term policies are something which would be good for family protection, where you would want to leave a lump sum that your family then can invest to live on after you’ve gone. It can also be a good option if you need to have a  specified amount of cover for a certain length of time.

An example could be to cover an interest only mortgage that’s not covered by an endowment policy .

If you are looking to seek independent financial advice on any current Level-Term Life insurance policies you have or  you wish to set one up, we at Hutt Professional have financial adviser with many years of experience and who are highly qualified , that would be more than happy to offer you the independent financial advice you need. If you are located in Leamington Spa or surrounding areas please do not hesitate to contact us as we would be more than happy to appoint you with the correct independent financial adviser for yourself.