Term Insurance

Certainty that if an insured event occurs, a sum assured is paid out to the beneficiary. Monthly Premium paid to protect against event.

Single or Joint cover 

Single cover for example two single policies pays out if either person dies where as Joint cover pays out when one person dies and then cover stops. 

Level or Decreasing Term 

Level the amount of cover (sum assured) remains constant throughout the term. 

Decreasing the amount of cover decreases throughout the term closely aligned to your mortgage balance. 

Aditonal benefits

Income Protection Deferred Period 

Waiver of Premium (WOP) 

Total Pernmanent Disability (TPD)

Terminal Illness Cover (TIC) 

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Increasing (Indexed Linked)

Sum assured or benefit increases throughout the term, often linked to Retail Price Index (RPI) to protect against inflation erosion. 

Insurance provider terms

Rating or Exclusion 

Underwriting then on risk 

General Practitioner Report (GPR)

Targeted Practitioner Report (TPR)