Level term life insurance

In the event of your death, level cover life insurance pays out a lump sum of money to your loved ones. This money can be used to help your dependents cover any financial commitments that you leave behind, including:

• Mortgage repayments
• Household bills
• Tuition fees
• Loans

The amount of level life insurance cover you need will vary depending on your personal circumstances. To work out how much cover you want in your level term insurance policy, you should consider the following:

• How much money you want to leave your loved ones
• How much money you still owe on your mortgage (if you have one)
• Any future costs such as credit card payments and funeral costs

When comparing level term life insurance policies, you might be tempted to pick the cheapest policy you can find. At Compare by Review, we know that cheap level term life insurance isn’t always the best level term life insurance. That’s why we encourage you to take a look at reviews before you purchase a policy. When it comes to life insurance, your loved ones will have to handle the claim in the event of your death so it’s important to pick an insurer that will look after your dependents and guide them through the process. You don’t want them to be left in the wrong hands.