What is Level Life Insurance?
It’s important to have the right sort of life insurance in place. Level Life Insurance is a financial safety net for your family or loved ones. This type of life insurance is essencial to help cover an interest-only mortgage, the policy would payout a lump sum if you die during the term of the plan and would be equal to your mortgage.
This type of insurance does’nt have a cash value or a pay out at the end of the policy and is purely for life cover during the policy’s term whethers it’s 25 years or 30 years etc.