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Compare level term life insurance providers

Our comparison table is ordered by review score. The review score is the average weighted score based on product quality and user reviews from the last 12 months. Find out more about how our review score is calculated here.

1st

Review Score

9.7

based on 4,334 reviews

Level Term Quote*

£10.39

per month

With Critical Illness Cover**

£26.42

per month

Second Medical Opinion***

Yes

Claims Paid****

99.5%

Beagle Street offers an early payout for terminal illness and all premiums are fixed and will not change.

2nd

Review Score

9.4

based on 37,108 reviews

Level Term Quote*

£11.81

per month

With Critical Illness Cover**

£33.60

per month

Second Medical Opinion***

Yes

Claims Paid****

99%

All policyholders get free access to LV= Doctor Services and terminal illness cover is included at no extra cost.

3rd

Review Score

9.2

based on 1,654 reviews

Level Term Quote*

£12.18

per month

With Critical Illness Cover**

£29.97

per month

Second Medical Opinion***

Yes

Claims Paid****

99.7%

All Royal London life insurance policies include terminal illness cover at no additional cost.

4th

Review Score

8.8

based on 9,066 reviews

Level Term Quote*

£10.33

per month

With Critical Illness Cover**

£26.55

per month

Second Medical Opinion***

Yes

Claims Paid****

99.5%

All Budget life insurance policies come with a free will writing service and free legal advice for end of life matters.

5th

Review Score

8.8

based on 5,331 reviews

Level Term Quote*

£11.51

per month

With Critical Illness Cover**

£27.93

per month

Second Medical Opinion***

Yes

Claims Paid****

98%

All Churchill life insurance policyholders get unlimited, 24/7 access to a GP and fixed monthly payments.

6th

Review Score

8.6

based on 22,630 reviews

Level Term Quote*

£10.42

per month

With Critical Illness Cover**

£29.56

per month

Second Medical Opinion***

Yes

Claims Paid****

99.5%

All customers have access to Vitality Select, which gives discounts and rewards from brands like Garmin, Nike and Virgin Active.

7th

Review Score

8.6

based on 6,881 reviews

Level Term Quote*

£12.78

per month

With Critical Illness Cover**

£29.52

per month

Second Medical Opinion***

Yes

Claims Paid****

98%

Direct Line policyholder's premiums stay fixed, helping them to budget. They also have unlimited, 24/7 access to a GP.

8th

Review Score

7.9

based on 13,291 reviews

Level Term Quote*

£11.47

per month

With Critical Illness Cover**

£28.08

per month

Second Medical Opinion***

Yes

Claims Paid****

98.9%

Aviva policyholders get access to MyAviva, an online area where they can view policy documents and get exclusive discounts.

9th

Review Score

7.2

based on 11,061 reviews

Level Term Quote*

£10.47

per month

With Critical Illness Cover**

£26.82

per month

Second Medical Opinion***

Yes

Claims Paid****

97%

Legal & General gives you accidental death benefit while they process your application so you have some form of cover in the meantime.

10th

Review Score

5.4

based on 358 reviews

Level Term Quote*

£10.81

per month

With Critical Illness Cover**

£26.60

per month

Second Medical Opinion***

No

Claims Paid****

99%

In 2019, Zurich paid out 99% of all death claims. And for every life insurance policy bought, they pledge to plant one tree with Tree-Nation.

*This is a level term cover quote for £150,000 over 30 years, based on a 35-year-old non-smoking female.

**This quote also includes £37,500 critical illness cover.

***You can get a second medical opinion from a doctor or consultant in the UK to reassure you that your proposed treatment is appropriate after your initial diagnosis.

****This is the percentage of claims paid out in the last 2 years.

How does level term insurance work?

Level term life insurance pays out a lump sum to your loved ones in the event of your death. The word ‘term’ refers to how many years the policy lasts, for example, it could be 35 years or 15 years depending on your personal needs. Policies with longer terms tend to be the best level term life insurance policies because they offer more years of protection. You get to choose how many years the policy lasts and how much your family receives in the event of your death. The higher the payout and the longer the term, the more expensive the policy will be. If you have a policy that lasts 15 years and you don't die in that time, the policy will end and your family won't be entitled to a payout. If you want to continue to be protected, you'll have to take out a new life insurance policy, but due to your increased age, the policy is likely to cost you more. 


What does level term life insurance cover?

Your level term life insurance payout can be used to help your dependents cover any financial commitments that you leave behind, including:

  • Loans
  • Tuition fees
  • Household bills
  • Mortgage repayments


How much level term insurance cover do I need?

The amount of level life insurance cover you need will vary depending on your personal circumstances. The more cover you take out, the higher your premium will be so it's important that you don't overinsure. However, if you don't take out enough life insurance, your family might not be as financially protected as you'd like in the future. 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


Can I add critical illness cover to my policy?

You have the option of adding critical illness cover to your policy to give you additional protection if you're diagnosed with a critical illness listed in the policy. You can either take out critical illness cover in addition to life insurance or as part of a combined policy. If you take it out as additional cover, you will get a payout if you're diagnosed with a critical illness and also if you die at a later date during the policy term. If you take it out as combined cover, you will get a payout either if you're diagnosed with a critical illness or if you die during the policy term. 


Compare level term life insurance

When comparing level term life insurance policies, you might be tempted to pick the cheapest policy on the market. But cheap level term life insurance isn’t always the best. That’s why we encourage you to take a look at provider 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. 


Pros and cons of level term life insurance 

Pros

  • Your premium stays the same throughout the length of the policy
  • Your payout is the same whether you die at the beginning or end of your policy
  • Ensures your loved ones get a fixed amount of money if you were to pass away

Cons

  • Premiums are often higher than other types of life insurance policies
  • If you outlive the policy length, you’ll no longer be covered when you die and if you take out a new policy, it will cost more due to your increased age