Level Term Assurance (LTA) policies cover you for a fixed period of time (for example, until your children reach the age of 18). You pay a premium and if you die within a certain time period your named beneficiary will receive a lump sum payout.
It is important to remember with this type of assurance that if you do not make a claim by the time the cover expires then you will have to renew your policy – it will only cover you for the period you set out at the start of the policy. You will receive no cash back at the end of the term.
Contact an advisor
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