Level term Life Insurance

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?

It’s a good idea to consider both Level Term and Decreasing Term cover when getting your Life Insurance, to compare the type of cover available to you, and how this may change your monthly payments (or premium).

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

Trust Tool
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 Account
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.


Took out life insurance as my husband and are recently married & have had a child.  Fab service, online policy and written policy sent quickly & efficiently. Would highly recommend.

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Jargon Buster

Making it easy to understand Life Insurance ‘jargon’

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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.

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What’s different about us?

We make Life Insurance simple, find out some great reasons to buy Life Insurance with Beagle Street.

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Check out our collection of handy guide pages to help answer any further questions you may have about Life Insurance.

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What am I covered for?

You are covered for the value and term shown on your policy documents, which you can check in “My Account”. All Beagle Street Life Insurance policies cover you if you die during the policy term, or if you are diagnosed with a terminal illness prior to the last 12 months of the policy. By including Critical Illness insurance you will be covered if you are diagnosed with a Critical Illness listed in our policy terms. There are certain Critical Illnesses which are not covered within this policy, also found in the policy terms.

What am I not covered for?

You are not covered for suicide in the first 12 months of your policy. If you have added Critical Illness cover with your life policy you can review what Critical Illnesses are included in the policy terms and conditions.

How much life cover can I have?

Up to £750,000, depending on how old you are. Visit our policy overview for a full table reflecting the maximum cover for each age group.

Will my monthly premiums change over time?

No. Payments are agreed and fixed at the beginning of your policy and are guaranteed to remain the same for the life of your policy (unless you cancel or have a successful claim against the separate Critical Illness part of your policy, in which case your premium will go down).