Life cover

Life cover is a life policy that pays a lump sum on the death of the life assured. There are two main types of term life cover available -


Level term assurance (LTA)


This type of life cover will run for a set term, eg 25 years, and should the life assured die within that period the policy will pay out the sum assured. This type of life cover can be used to cover a known liability, such as a mortgage, ensuring your dependents won't be left with the debt after your death as the payout of the sum assured could be used to repay it.


Decreasing term assurance (DTA)


This type of life cover, as with LTA, will run for a set term, eg 25 years. Should the life assured die within that period the policy will pay out the sum assured. However, unlike LTA the sum assured will decrease over time. This type of policy is often used to cover a repayment mortgage. A repayment mortgage will reduce the amount owed to the lender over it's term and the DTA sum assured will very closely mirror what the lender is owed over the term. And again, a DTA will ensure your dependents won't be left with the mortgage debt after your death as the payout of the sum assured could be used to repay it.


As we are independent protection advisers we have access to the entire protection market ensuring we can source the best value plan to meet your and your family needs and budget.



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