Compare Level Term Life Insurance
TL;DR
Level term life insurance pays a fixed lump sum if you die during the term. It’s often used to protect a mortgage, family income needs, or children’s costs. Because the payout doesn’t reduce, it typically costs more than decreasing term for the same initial cover amount.
Level term life insurance pays a fixed lump sum if you die during the term. It’s often used to protect a mortgage, family income needs, or children’s costs. Because the payout doesn’t reduce, it typically costs more than decreasing term for the same initial cover amount.
Key Points
- Life insurance pays a tax-free lump sum to your beneficiaries
- Term life insurance covers you for a set period (e.g. 25 years)
- Whole of life insurance covers you for your entire life
- Decreasing term is commonly used for mortgage protection
Who Is This For?
Life insurance is particularly important if you have a mortgage, dependants, or anyone who relies on your income. If your death would cause financial hardship for others, life insurance provides essential protection.
Next Steps
Our FCA-regulated advisers can help you find the right life insurance policy for your circumstances. We compare the whole market to find cover that fits your budget and protects your family.
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Content reviewed: January 2026