If you decide to include specified serious illness cover, the maximum cover term is reduced to age 75.

With term life insurance policies, the term can run from 10 years to a maximum of 50 years, but not go beyond age 91 next birthday. Term Life Insurance allows you to choose to have two people on the same policy and to also include serious illness coverage if you so wish.īelow, we explain everything you need to know about “term life insurance” including both the automatic and optional policy benefits and policy features. Whole of Life AssuranceĪs Whole of Life Assurance is very expensive in comparison with term life insurance, it is best suited for the purposes of paying inheritance tax, should this be of relevance to the beneficiaries of your estate after their tax-free thresholds are applied. The price is fixed for your chosen policy term (max to age 91 next birthday) and the cover pays out a tax-free lump sum without fuss to your estate on death. Term life insurance is the most straightforward form of life insurance. When it comes to buying life insurance the type of policy you should choose will be dependent on your own specific needs, but the most popular and generally the most suited for family protection purposes is a Term Life Insurance policy! Term Life Insurance Life Insurance and Family Protection Protecting Your Family

Life insurance free quotes