Level Term Life Insurance is a cost effective way of arranging life assurance.

Level Term Life Insurance is often used for family protection purposes by providing life insurance cover in the event of the death of the life or lives assured for the benefit of the surviving spouse and, if there are any, the dependant children.

The amount of life cover provided is often agreed upon after receiving advice from a financial adviser who will assess a family's requirements taking into account a number of factors.

The amount of Level Term Life Insurance remains level for a specific term i.e 25 years and is arranged normally on a sole life or joint life first death basis with the premium often remaining constant throughout the term.

If the life assured outlives the term then the Level Term Life Insurance policy normally finishes and the life policy pays out nothing. This is one of the reasons why Level Term Life Insurance is normally cheaper than say a Whole of Life policy.

Level Term Life Insurance is also used to cover personal and business liabilities such as overdrafts.

Critical illness cover can sometimes be included in the Level Term Life Insurance policy to pay out upon one of the assured being diagnosed with a specific critical illness.