Level Term Life Insurance Fixed cover, fixed premiums, for a term you choose

Level term life insurance pays your family a fixed lump sum if you die during a set term — and your premiums typically stay the same throughout. It's often the cheapest way to arrange a set payout. A broker will compare leading UK insurers and call you with tailored quotes.

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How Level Term Life Insurance Works

A set payout, a set term and premiums that typically stay the same.

Fixed Cover Amount

You choose your payout when you take out the policy and it stays level for the whole term. Your family knows exactly what they would receive if you die during the term.

Fixed Term & Premiums

Cover runs for a term you choose, often 10 to 40 years. Premiums typically stay the same from your first payment to your last, which makes budgeting simple.

Cost-Effective Protection

Because the policy ends after the term, level term insurance is often the cheapest way to secure a set lump sum payout. A broker compares leading UK insurers to find you the best price.

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How It Works

Getting insurance quotes is simple. Here's how the process works.

Complete the Form

Answer a few simple questions about yourself and the level of cover you're looking for. It only takes a couple of minutes.

Receive a Callback

A specialist broker will call you back to discuss your requirements and answer any questions you may have.

Compare Your Options

The broker will present quotes from leading insurers so you can compare options and choose the cover that's right for you. There's no obligation to proceed.

Level Term vs Decreasing Term

How level term insurance compares with decreasing term (mortgage) cover.

Feature	Level Term	Decreasing Term
Payout amount	Stays the same for the whole term	Reduces over time, usually in line with a repayment mortgage
Typical use	Family protection, interest-only mortgages, leaving a set lump sum	Clearing a repayment mortgage balance
Cost	Typically costs more for the same starting cover	Typically cheaper, because the payout shrinks over the term

A broker will call to discuss whether level or decreasing term cover suits your needs.

Level Term Life Insurance FAQs

Common questions about level term cover.

Level term life insurance — also called level term assurance or simply level life insurance — pays a fixed lump sum if you die during a set term. The cover amount never changes and premiums typically stay the same throughout, so you know exactly what you pay and what your family would receive.

The policy simply ends — there is no payout and no refund of premiums. If you still need protection, you can take out a new policy, though premiums will reflect your age and health at that time. A broker can compare cover options from leading UK insurers before your term ends.

Usually, yes. Because a level term policy can end without ever paying out, insurers typically charge less than for whole of life cover, which guarantees a payout whenever you die. If you only need cover for a set period — while children grow up or a mortgage is repaid — level term is usually the more affordable choice.

The payout on a level term policy is fixed when you take it out. Some insurers offer options to increase cover after major life events such as marriage, a house move or having a child, or you can take out an additional policy. A broker will call to talk through your options and arrange tailored quotes from leading UK insurers.