Guaranteed death benefit · If you die unexpectedly while your term policy is active, your loved ones will receive a payout to help cover funeral costs and everyday expenses ; Multiple lock-in periods · The earlier you start, the lower premiums will be; you can keep them level for 10, 15, or 20 years or go year-to-year with increasing premiums ; Convertible, portable coverage · If your needs change, you can convert some policies to long term protection2 , and you keep your coverage if you change jobs (unlike plans offered by employers)
Term life insurance provides coverage for a specific amount of time. There are three types of policies to consider: decreasing term, level term, and increasing or indexed term life insurance.
When deciding which type of life insurance is right for you, consider the cover that best suits your needs. Learn about level term vs decreasing life insurance.
Level-Premium Insurance is a term life insurance where the premiums remain the same throughout the duration of the contract.
Explore the benefits of level term life insurance policies, offering fixed premiums and coverage for a set term, providing financial security and peace of mind.
Level term life insurance offers fixed rates and protection for a set period. Learn how it works and if it’s the right fit for your financial goals. Free quote!
Term life insurance covers a certain number of years; permanent life insurance continues for your lifetime, provided you pay the agreed premiums.
There are three types of cover available on a term life insurance policy: decreasing cover, level cover, and increasing cover. Find out more here.
With level term life insurance, your premiums and cover amount stay the same for the full policy term. Learn more about level term insurance with Halifax.
An insurance premium is the amount of money you pay an insurance company in return for coverage. Essentially, this is what you are paying for the policy, and failure to pay the set premium can lead to a lapse in coverage and cancellation of your policy. All types of insurance, including life, health, auto, homeowners, and pet, charge premiums to the insured. When you sign up for a policy, you’ll need to determine the amount of coverage you want to apply for. This, along with some other insurance-specific factors and the insured’s demographi ...