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Level term sum insurance.

Term Insurance - Level term Life insurance

A level term life insurance, whether or not Critical Illness cover is included provides a fixed cash lump sum of insurance benefit for the term covered.

Often arranged with a mortgage, it pays a cash sum which can be used to repay an outstanding mortgage and leave money for the beneficiaries to live off.

Level Term Insurance is more than protecting a commitment or debt, but it also offers the assurance that the sum insured remains the same thorough out the term insurance.

This means that the benefit which exceeds the mortgage can be used as you wish. Should this policy be claimed nearer the end of the policy and when considered with a repayment mortgage which was taken at the same time, would result in larger benefit remaining after the mortgage was repaid. This is because a repayment mortgage would have been reducing over the term, leaving a greater sum after the mortgage was paid and the difference would continue over the term.

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Your home may be repossessed if you do not keep up repayments on a mortgage or any other debts secured on it. Think carefully before securing other debts against your home. Buy to let (pure) and commercial mortgages are not regulated by the FCA. No broker fee is charged typically; as commission received from the mortgage lender pays our minimum fee of £495 and any shortfall will be charged only on completion of your mortgage. Vincent Burch Ltd. is an Appointed Representative of JLM Mortgage Services Ltd., authorised and regulated by the Financial Conduct Authority, (FCA), registration number: 300629. The overall cost for comparison is 4.19% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

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