Compare Term Assurance Quotes Level or decreasing cover to protect your family's future

Term assurance is the traditional name for term life insurance — straightforward cover that pays your family a lump sum if you die within a fixed term. Choose level or decreasing cover to suit your needs. A broker will compare leading UK insurers and call you with tailored term assurance quotes.

Quick & Easy

No Obligation

Expert Brokers

SSL Encrypted

Quick & Easy

No Obligation

Expert Brokers

Step 1 of 8 13%

I'd like quotes for:*

Just me

Me and my partner

Trustpilot

Rated Excellent - Our brokers are rated excellent on Trustpilot with over 97,000 reviews***

Over 1 million families helped**

How a Term Assurance Policy Works

Fixed-term cover with two main options — level or decreasing.

Level Term Assurance

The payout stays the same for the whole term. A popular choice for family protection, replacing lost income or covering an interest-only mortgage.

Decreasing Term Assurance

The payout reduces over the term, usually in line with a repayment mortgage balance. Premiums are often lower than level cover for the same starting amount.

Lump Sum Payout

If you die during the term, your loved ones receive a lump sum they can use for the mortgage, bills, childcare or everyday costs. A broker compares leading UK insurers to find the right policy for you.

Top 5

UK Insurers

2 min

Quick Form

£0

Quote Cost

Obligation

Get a free quote and see how you could protect yours

Get Your Free Quote

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 vs Decreasing Term Assurance

Which type of term assurance policy suits you?

Feature	Level Term Assurance	Decreasing Term Assurance
Payout	Stays the same for the whole term	Reduces over the term
Typical use	Family protection and income replacement	Covering a repayment mortgage balance
Premiums	Typically higher for the same starting cover	Typically lower, as the payout reduces

A broker will call to discuss which type of term assurance suits your needs.

Term Assurance FAQs

Common questions about term assurance policies.

Term assurance is the traditional UK name for term life insurance. You choose a cover amount and a term — if you die during that term, the policy pays your family a lump sum. If you outlive the term, the policy simply ends, which is why it is one of the more affordable types of life cover.

Traditionally, 'assurance' described life policies, while 'insurance' described general cover such as car or home insurance. Over time the two words have come to be used interchangeably for life cover, so term assurance and term life insurance are the same product. Insurers may use either name, but the cover works in exactly the same way.

Level term assurance pays the same lump sum whether you die in the first year of the term or the last. It suits family protection and interest-only mortgages. Decreasing term assurance is the alternative — the payout reduces over time, usually alongside a repayment mortgage.

Yes. After you request a quote, a broker will call to discuss your needs and arrange tailored term assurance quotes from leading UK insurers. Quotes are not completed online.