Level Term Assurance
Term Assurance provides you with a specified amount of cover over a specified term. Your premiums are fixed for the life of your policy, meaning that the amount you pay each month will never go up.
There are various different types of cover:
1. Single Life there is one life assured and it pays out on death
2. Joint Life there are two lives assured and it pays out once on the first death
3. Dual Life there are two lives assured and it pays out twice on each death
*It is important to note there is no savings element or cash-in value to Term Assurance.*
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