Term Assurance

Term assurance can be provided on a level or decreasing basis and even on an increasing basis. It is usually a set amount of life cover and there is no surrender value and no value on maturity of the policy.

Payment on death during the term is income tax free and policies may be written in trust for the benefit of a spouse, which under current legislation will also avoid Inheritance tax.

Term assurance is the simplest form of pure life insurance and the market is competitive with a large number of providers