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Level Term

Level Term Assurance

This type of cover protects you for a given term for a fixed benefit. The amount of life cover chosen at the outset will be paid whether a claim on death is made in the first year of the term or the last year. Quite often a payment would be made on the diagnosis of a terminal illness before the last 18 months of the plan, where you had 12 months or less to live. This type of protection may be suitable for family protection and Interest Only Mortgage debt, where the level of debt on the mortgage does not decrease as the years progress, however, this would depend on individual circumstances and you should seek further advice.

  • Provides a lump sum on death or terminal illness to help provide a financial buffer for your family or to pay off debts
  • The level of cover remains the same throughout the term of the policy
  • The policy pays out if you die during the term of the policy or if, before the last 18 months of the term, you are diagnosed with a terminal illness. (A terminal illness means you are not expected to live for more than 12 months)
  • Life insurance policies will only pay out once within the agreed time, so if the policy pays out because of a terminal illness claim, the policy and cover will end
  • Paying out on diagnosis of terminal illness may be proportionate to the level of cover under a death claim

Please be aware that in some cases this type of assurance is based on an assessment of the health of the applicant.

THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

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  • Sigma Wealth Partners

    9 Showell Lane

    Wolverhampton

    Staffordshire

    WV4 4TZ

  • Phone : 01902 324 537

  • Email Us

The guidance provided within this website is subject to the uk regulatory regime and is therefore primarily targeted at consumers based in the UK.

Sigma Wealth Partners is Authorised and Regulated by the Financial Conduct Authority.

Sigma Wealth Partners is entered on the Financial Services Register (www.fca.org.uk/register) under reference: 720230

Complaints

If you wish to register a complaint, please contact us either in writing at: Sigma Wealth Partners, 9 Showell Lane, Wolverhampton, Staffordshire, WV4 4TZ or by phone 07984 405344.

A summary of our internal complaints handling procedures is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4567.

Registered address same as company address.

Registered in England under reference: 09670800

Sigma Wealth Partners is a Limited Company.