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Level Term Life Insurance Level term life insurance is a life insurance policy that pays out a lump sum in the event of the death of the policyholder during the term in which your policy runs. When selecting a level term life insurance policy, you choose the sum insured (the amount you want paying out) and the policy term (the duration of cover). The sum assured is guaranteed at the outset and remains unchanged throughout the term of the life insurance policy. 1. What
is level term life insurance? Medic8®
Life Insurance and Critical Illness Cover |
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