What type of cover do you require?
With level term insurance both the amount of cover and the premiums will remain the same for the term of the policy
In the event of a claim the sum assured will be paid on a one off lump sum
Decreasing term insurance is often used to protect a repayment mortgage.
The amount of cover reduces on a annual basis, usually in line with the outstanding mortgage. The monthly premium will remain the same.
In the event of a claim the sum assured would be paid as a one off lump sum.

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