Life
Insurance.
If you die, your family receives a cash sum. Simple.
What changes is how that sum is structured — and that depends on what you're protecting.
Increasing
01Your cover grows over time in line with inflation or a fixed percentage. £500,000 today still feels like £500,000 in twenty years. Costs a little more — worth it for long-term protection.
Level
Most popularThe payout stays the same throughout the policy. Set it, forget it. Whatever you choose today is what your family receives.
Decreasing
03The payout reduces over time roughly in line with your mortgage. Usually the most affordable. Perfect if protecting your home is the priority.