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Level Term Life Insurance

Protect your finances across a set period of time when you rely on The Insurance Surgery to find you the best level term life insurance policies. 

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What Is Level Term Life Insurance?

Unlike whole of life insurance, level term life insurance covers an individual for a set period of time. During this time, the cost of the monthly payments and payout amount will remain the same. If you die or are given twelve months to live within the duration of this policy, your family will receive a lump sum of the exact amount you and the insurer initially agreed upon.

This kind of life insurance can be used in a selection of ways, including:

Covering funeral costs

Replacing your income

Paying off debts or mortgage payments

Leaving behind a lump sum for your family

How Does Level Term Life Insurance Work?

STEP 1
Complete Form
STEP 2
Speak to us about your needs
STEP 3
We’ll search the market
STEP 4
We recommend the best product to suit your needs
STEP 5
Tell us when you want it to start!

Many people are drawn to level term life insurance because it gives them a clear idea of what their beneficiaries will receive after their passing. This is because the payout amount, the monthly premium and the length of the policy are agreed upon before the policy is taken out. 

You should, however, expect to be asked a list of questions regarding factors like:

Your age

Your profession

Your health

Whether you’re a smoker

Your alcohol consumption

You should consider life insurance if you have…

Dependants, like school-age children.

A partner who relies on your income.

A family living in a mortgaged or rented home.

In the event of your passing, a life insurance policy can provide financial support for your loved ones. You could also consider funeral cover, which pays for funeral expenses – easing the burden on your family during a difficult time.

However, you should check if you’re already covered through your employer’s benefits package, which often includes ‘death in service benefits’ linked to your salary. If so, you might not require an additional policy, BUT keep in mind that leaving your job or being made redundant could leave you without any cover!

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  • 15 Minute Read Time

Do You Need Life Insurance?

If you’re the primary breadwinner or share financial responsibilities, a life insurance policy can help your family maintain their standard of living in the unfortunate event that you’re no longer around to support them.

Read More

Life Cover Terminology

Understanding life insurance terminology is essential for policyholders to make informed decisions about their cover, we have broken down the meaning for some of the most used terms.
Read More

Why Choose The Insurance Surgery?

Rated ‘Excellent’ on Trustpilot.

We take pride in the experience that we offer, guaranteeing excellent service at all times.

25 years Experience.

With 25 years of specialist life and protection experience, we can find the perfect policy for you.

Access to a range of insurers.

With a broad selection of partners, we are well-equipped to find the best insurance deals for you.

Award-winning broker.

Known for making insurance simple, The Insurance Surgery is a trusted, award-winning broker.

How Much Does Level Term Life Insurance Cost?

The cost of level life insurance can depend on a whole range of factors, including those listed above. Of course, the length of your policy and the amount of the payout will play a major part in determining exactly how much your monthly premiums will cost.

The Insurance Surgery will discuss both your needs and circumstances with you before working to find the most affordable quotes from insurers.

For a clearer idea of the average cost of life insurance, visit our Guide.

How Much Level Term Life Insurance Do You Need?

Before our experts get to work, it’s useful to have an idea of how much insurance you might need. We get it – insurance can be a lot to get your head around, so we’re more than happy to step up and help you work it out!

Our dedicated team of insurance brokers are ready with their calculators to work out how much level life insurance you need to protect the future of your family’s finances. After all, everyone’s needs are different, so we’ll need to consider the following:

How much money you and your loved ones spend each month

How much income you and your family make

Whether you’re in debt

How many people are dependent on your income

How much your funeral may cost

The amount of financial support your family will require

We’re keen to work alongside you to arrive at a figure that will cover all of your family’s needs. At this point, our experts will be ready to find you the perfect quote to suit your requirements. 

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Speak to our team of experts for FREE
specialist advice today.

Monday to Thursday:

9:00am – 8:00pm

Friday:

9:00am – 3:00pm
Get a Quote
Call us on 0800 083 2829

Facts About Life Insurance.

Life insurance can serve multiple purposes, including income replacement, wealth transfer, estate planning, and business succession. But how does life insurance shape up with the UK population?

7.5 million families

in the UK have no life insurance or critical illness cover.

£40,000

The average life insurance policy in the UK covers only about £40,000.

28%

of UK adults believe life insurance is too expensive.

30%

of people get life insurance due to becoming a parents

Forbes Advisor, 2025

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Price Promise.

Obtain a cheaper quote elsewhere, we’ll beat<br>the price and also give you a £50 gift card!*

We are committed to offering unbeatable prices. Our
Price Promise ensures that we will find you the right
cover for your circumstances.

Frequently Asked Questions

Is level term or decreasing life insurance better?

This completely depends on what you’re looking for in a life insurance policy. If you like the comfort and security of knowing exactly how much your payout will be, you might prefer life insurance with a level term. But if you’re looking to pay off a mortgage over time, one of our experts may advise that a decreasing life insurance deal is more suited to you.

Unfortunately, you cannot extend a level term life insurance policy. We are happy, however, to help you find a new policy that better suits your needs with an extended term.

There are many benefits to level term life insurance. It ensures that your beneficiaries get a payout that you’re happy with if you die during your term and that your premiums will not change over time. But that’s not all; it is also cheaper than whole of life insurance because you only have to pay for the agreed period of time.

A 10-year level term life insurance policy means that if you die during that period or, in some cases, are given 12 months to live, your beneficiaries will receive a payout. If you pass away outside of that 10-year agreement, however, your family won’t receive a lump sum.

Finding the perfect insurance policy to best suit your needs and requirements can be tricky – but that’s why we’re here. At The Insurance Surgery, we have 25 years of experience in matching people up with the perfect policies for them and putting insurance in a way that actually makes sense!

Get in touch with one of our experts today to get tailored advice and guidance before trusting us to find a quote that works for you. We’re happy to discuss level term life insurance and suggest a range of other policies if we think they’d be a better fit! In either case, we’re confident that we can find a policy for you.

Life insurance is unique – just like you.

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For More Information, Check Out Our Latest Blogs

Stay informed with the latest updates in the insurance industry for 2025 here.

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Speak to our team of experts for FREE
specialist advice today.

Monday to Thursday:

9:00am – 8:00pm

Friday:

9:00am – 3:00pm
Get a Quote
Call us on 0800 083 2829

Speak to our team of experts for FREE
specialist advice today.

Monday to Thursday:

9:00am – 8:00pm

Friday:

9:00am – 3:00pm
Get a Quote
Call us on 0800 083 2829
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Copyright © 2025 The Insurance Surgery Ltd. The Insurance Surgery is authorised and regulated by The Financial Conduct Authority. We are entered on the Financial Services Register No 401425 at https://www.fca.org.uk Registered in England and Wales. No 5137288. Registered and trading from 2nd Floor, Pickford Street Mill, Pickford Street, Macclesfield, SK11 6JD The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

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