Term life insurance
Cover for the years that matter most
Term life insurance is the UK's most popular way to protect a family. You choose a level of cover and a length of time — if you die within that term, the policy pays out a tax-free lump sum.
How term life insurance works
You pick an amount of cover (say, £150,000) and a term (say, 20 years). You pay a fixed monthly premium. If you die during the term, your loved ones receive the cover amount. If you outlive the policy, it simply ends.
Level, decreasing or increasing?
- Level term — the cover amount stays the same throughout the term.
- Decreasing term — the cover reduces over time, usually in line with a repayment mortgage. Cheaper than level term.
- Increasing term — the cover rises each year, typically in line with inflation. Costs more.
Who is it for?
Term life insurance is a strong fit for anyone with a mortgage, dependent children, or long-term financial commitments. It's usually the most affordable way to buy a large amount of cover.
Ready to protect what matters most?
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