Level Term Life Assurance is a type of protection plan that you can take out on your life. In very basic terms it is designed to pay out a fixed lump sum of money to your dependants if you die during the term of the policy.  Level term cover means that you have a level (unchanging) amount of cover over a fixed period (e.g.  10, 20 or 25 years etc). If you have a mortgage or dependants you should have life cover.
You can opt for this type of protection and benefit from a fixed premium over the term of the policy (see policy terms).  In addition you can opt to have critical illness included in the policy.  If you opt for accelerated cover the payout will occur on first claim i.e. if you become critically ill a claim can be made and the policy and protection ends. Double payout simply means there will be a payout should both eventualities occur before the end of the term.  When a payout occurs on an accelerated policy it is only one payout and then the policy ends.  When both payouts occur in a double payout policy the policy then ends.
As with all protection products it is vital to ensure that the finer detail is explained to you in full before deciding which product suits your needs and that of your family. 

Metropolitan welcomes all enquiries in this regard and we are happy to explain in full all aspects of products provided through our agencies in fact, we insist on it!

For more information contact us! Today.