Level Term Assurance policies have a known level of cover that will be paid out in the event of death within a known period of time. Premiums can be on a level (guaranteed) basis or reviewable however the amount of cover will not change. As this type of contract only provides cover in the event of death there is no maturity or surrender value, so if you stop paying the premiums at any time, your cover will cease.

Mortgage Protection Insurance has a reducing level of cover that will be paid out on death within a known period of time. They are designed primarily to run alongside a capital and interest (repayment) mortgage and provide cover in the event of death.

Premiums are based on your personal circumstances but the main areas for consideration by an insurer are your age and state of health. The older you are, the higher the premium will be. Similarly if you have or had a serious ailment the insurer may seek to charge you more or in some cases be unwilling to cover you at all. Higher levels of cover and longer policy terms all increase cost as will the fact that an individual smokes.

To obtain a quotation simply click here. Alternatively ring 01462 815095 and one of our brokers will be delighted to discuss your situation. Our quotation service is free and without obligation.