Why choose Level Term Insurance?
As the cover amount remains the same throughout the term, you’ll have peace of mind knowing exactly how much your loved ones would receive if you died. Typically, this type of life insurance is 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.
Which type of Life Insurance do I need?
Take a look at our one minute video which explains the difference between Level and Decreasing Term policies:
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.
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*
*Terms and Conditions apply to some benefits.
FREE tool to create a legal Trust, where you can specify who receives the payout from your policy.
Terminal Illness Cover
Included as standard with every policy.
Accidental Death Benefit
Automatic cover if you have to wait for a decision on your policy.
Keep all your policy documents safe in one place.
Official Records Searches
We search records to find bereaved customers’ families who could receive a payout.
Over 80% of the policies we sell are Level Term?
How does Level Term cover differ from Whole of Life Insurance?
Will my monthly premiums change over time?
How much cover can I have?
Do I need to take a medical exam?
What am I covered for?
What am I not covered for?
Still have questions?
Calculate the amount
of cover you need
If you’re unsure how much cover you want with your policy, our Life Insurance calculator can help.