Term
This is the most basic form of life cover. You specify the amount of cover and term, you then pay a fixed monthly premium. Should you claim at any point during the policy term the fixed cover amount will be paid.

Mortgage Protection
This type of cover is also known as decreasing term assurance and would typically be taken out to cover a repayment mortgage. The sum paid out would decrease over the term specified. As this cover reduces over time this type of policy is traditionally cheaper than a level plan.

Family Income Benefit
This is a type of term assurance in which, following the death or critical illness of the life assured, instead of a lump sum, installments are paid to the beneficiaries for the remainder of the policy term this usually takes the form of either a monthly or annual payment.