No one likes to think of the worst but sometimes it is necessary in order to plan and prepare for all eventualities. With a life insurance policy, you'll have the peace of mind that your family and loved ones will be able to afford household bills, mortgage payments and day to day expenses should something happen to you.

Life Insurance can be broadly split into two categories; Level Term Insurance​ and Decreasing Term Insurance.

Level Term Insurance is the most commonly known and used type of life insurance. It allows you to choose the amount that will be paid out and this will be fixed. This could be your mortgage amount or may include additional funds to provide for loved ones once the mortgage is cleared.

Decreasing Term Insurance, as the name suggests decreases, in tandem with a loan such as a repayment mortgage. The main difference to Level Term Insurance is that the sum insured reduces in line with your mortgage balance
 
With a joint policy, the cover amount is paid out on the first death and will cease once a claim has been paid. These policies have no cash in value at any time.