- Convertible Term Insurance
Level term life insurance with the advantage of being able to convert the policy into something different. You may want to switch to a whole of life assurance policy at a future unspecified date. ‘Convertible’ gives you this flexibility.
- Critical Illness
This type of insurance pays out on a doctor's diagnosis of a critical illness during the life term. This is usually regardless of an eventual recovery. LifeInsuranceOffer partner brokers can also offer critical illness quotes in addition to a standard life insurance quote.
- Decreasing Term Insurance
This life insurance decreases at a fixed-rate every year
- Guaranteed Premiums
Rates are guaranteed to stay the same throughout the life policy term. Rates may be reviewed at the insurance company's discretion - usually after five years. Gives you a set monthly payment to budget for.
- Increasing Term
This insurance increases every year. It's useful because individuals may require additional insurance in line with increases in inflation, income or personal circumstance. Increasing terms give you more flexibility.
- Level Term
Life cover that pays out a fixed-lump sum if an individual dies within the life policy period that is covered. The monthly premiums you pay usually remain static as does the lump sums your family or loved ones would receive on your death.
- Mortgage Protection
The lump sum payable reduces annually or monthly in line with the outstanding mortgage balance - this is because on a repayment mortgage, you pay back the balance each month.
- Renewable Term
This can be renewed without medical underwriting taking place - this is usually every 5-15 years (but may be different). Gives you good flexibility