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Level Term Life Insurance

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Would your children be financially supported if you passed away?

Level Term offers guaranteed financial security for your family and is one of the most straightforward types of life insurance available. If you need to make a claim, the amount payable (sum insured) will not vary during the term of the policy.

Parents, guardians or people with dependents often leave money behind to enable their family to minimise the financial impact on your family after you’re gone. This type of policy can also be a good option if you need a specific cover for an interest only mortgage that is not covered by an endowment policy.

How does Level Term cover work?

Level Term cover will protect you and your beneficiaries for a fixed period of time (known as a term) which you can decide upon setting up the policy with your advisor along with the amount that will be paid out (known as sum insured).

The length of policy depends entirely on your preference and is usually taken by a family who wishes to give support until a particular moment in life. For example, until your mortgage is fully repaid, your children turn 18 or 21 or until you retire.

Through paying a monthly premium for your cover, if you pass away within your chosen time period, you will have peace of mind knowing that your family will be supported financially through a fixed lump-sum payment. If you don’t claim during the term it will lapse, meaning you’ll need to take out a new policy for additional life insurance.

What are the benefits of Level Term Life Insurance?

What is the difference between Level Term Life Insurance and Mortgage Life Insurance?

Mortgage Life Insurance is also known as Decreasing Life Insurance. As its name suggests, this policy pays out an amount that reduces over time. So as you start to repay your mortgage, the amount of cover also reduces.

If you were to pass away five years into your mortgage, your repayment would cover the outstanding debt. But if you had paid repayments for twenty-five years, the pay-out would be lower as your mortgage also be smaller.

Why choose Caspian Insurance to compare Level Term Life Insurance?


Please note that the descriptions above do not constitute as financial advice and may change dependent on individual circumstances and budgetary requirements.

For quick and easy quotes, please get in touch on 0161 241 6146 and one of our friendly and knowledgeable advisors will be able to help.

Why Choose Caspian Insurance?

Save Time & Money

With a helping hand along the way, we search the market for you to secure the right policy at affordable prices.


Our extensive industry knowledge means we can provide you with the best policy options for your life protection.

UK Based Advisors

No call centres, no jargon. Just a team of experienced advisors dedicated to providing a customer centric approach.

Tailored Policy

With a custom-made policy, you will be confident in the knowledge that your loved ones will be taken care of in the worst-case scenario.

Free Trust Service

Receive specialist support and guidance via our free trust service for a clear understanding of how different policies work.

Exclusive Broker Benefits

We do the hard work for you to ease the underwriting process and compare a wide range of insurers in line with your best interests.

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