Level Term Assurance
What does level life term assurance cover?
Level term life assurance provides a lump sum (a specific amount of money i.e. £100,000) in the event of the life insureds death during the term. The term is the period of time the policy is in force.
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Why is level term life assurance cover useful?
What term can level term life assurance policy be taken for?
THESE PLANS TYPICALLY HAVE NO CASH IN VALUE AT ANYTIME AND COVER WILL CEASE AT THE END OF THE TERM. IF PREMIUMS CEASE, THEN COVER WILL LAPSE.
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