Level Term Life Assurance

Pays a Fixed Sum Payment in the Event of Death

Level Term Assurance (LTA) pays out a fixed lump sum in the event of death within the term of the plan. Once the plan has started the level of cover will not change.

Level Term Life Assurance would normally be used to provide a lump sum of level term life cover to your next of kin in the event of your death to replace your income or to cover a mortgage or other debt where the amount that is owed to the lender does not reduce over time e.g. an interest only mortgage or loan.

This is also sometimes referred to as Level Term Insurance or Level Term Life Insurance.

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