Phone:01257 233023 | info@annewray.org
Level Term
Level Term Assurance
This type of cover protects you for a given term for a fixed benefit. The amount of life cover chosen at the outset will be paid whether a claim is made in the first year of the term or the last year. Quite often a payment would be made on the diagnosis of a terminal illness before the last 18 months of the plan, where you had 12 months or less to live. This type of protection is suitable for family protection and Interest Only Mortgage debt, where the level of debt on the mortgage does not decrease as the years progress.
- Provides a lump sum on death or terminal illness to help provide a financial buffer for your family or to pay off debts
- The level of cover remains the same throughout the term of the policy
- The policy pays out if you die during the term of the policy - or if, before the last 18 months of the term, you are diagnosed with a terminal illness. (A terminal illness means you are not expected to live for more than 12 months)
- Life insurance policies will only pay out once within the agreed time, so if the policy pays out because of a terminal illness claim, the policy and cover will end
- This plan has no cash-in value at any time
Life Assurance Enquiry
Company address: Anne Wray - Old Chapel House, 3 Heapey Road, Chorley, Lancashire, PR6 9BD
T: 01257 233023
F: 01257 233022
Email: info@annewray.org
Anne Wray Independent Financial Adviser is An Appointed Representative of Sesame Ltd.,
which is authorised and regulated by the Financial Services Authority
Sesame Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427
Commercial Loans are not arranged via Sesame.
The FSA do not regulate National Savings products, personal and commercial loans, wills/will writing, some forms of mortgage, tax planning, inheritance tax planning or offshore funds.
The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.