What is Level term?
With Level Term Life Insurance, you are securing a set cover amount for as many years as you have the policy. This means that, should a claim be made on your policy within it’s term, the pay-out will be the same no matter whether the claim is made now or in the future.
What type of Life Insurance do I need?
Uses of Level term
As the policy value remains the same throughout your term, this is typically used for financially protecting your loved ones from fixed costs such as: your family lifestyle, debts and loans, an interest only mortgage, or funeral costs.
Uses of Decreasing term
Typically offers cheaper monthly payments as the policy value decreases over time. This is often used for financially protecting your loved ones from debts which get lower over time, such as a repayment mortgage.
Level term vs Decreasing term
The key differences between these two types of policy is the price and cover amount. When comparing cover amounts, mortgage term offers the greater cover amount initially, however, as time passes the cover for level term stays the same and provides significantly more cover in later years.
Cover amount over time
Benefits of Beagle Street
FREE tool to place your policy in Trust.
Terminal Illness Cover
FREE Terminal Illness cover
Accidental Death Benefit
if you don’t get an immediate decision on your policy
Online access to your account, so your policy documents are never lost.
Search Official Records
Unlike most other insurers, who wait for you to contact them, we actively search official records.
Personal Care Services
A dedicated hotline for bereavement counselling & support.
Over 78% of the policies we sell are Level term
Your next decisions:
How much cover do I need?
Don’t know how much cover you need? Use our handy Life Insurance calculator for help.