This type of life insurance runs for a specified period of time for
example anything from 1 year through 10 and 20 right up to 50 years.
It is designed to pay out a lump sum on death unless critical
illness is also included when it will then also pay out in the event
of a critical illness.
Term assurance plans do not have any cash value at any time and if a
claim is not made during the term they cease with no cash value at
the end of their designated term.
Like all types of life insurance you can also have
additional benefits such as Critical illness cover and
waiver of premium benefit.
For More information on Invest & Protect Ltd and their services or for Independent financial advice please visit Investandprotect.co.uk
