Level Life insurance works by paying out a fixed cash lump sum in the event of your death, or diagnosis of a terminal illness during the plan term, in exchange for regular payments from you. Level Life Insurance is designed to help protect your family's future lifestyle. The plan has no cash-in value at any time.
What is Decreasing Life Insurance?
Decreasing
Life Insurance can help protect
loans by paying out a cash lump sum
designed to help pay off the
outstanding amount in the event of
your death, or diagnosis of a
terminal illness during the plan
term.
The amount of cover reduces in line
with your outstanding loan amount,
so you are only ever paying for the
cover you need. The plan has no
cash-in value at any time.