A Fixed Term policy provides cover for a set number of years — for example 10, 20, or 30 years. The policy ends when the term finishes, and no further premiums are due. This structure is commonly used to match the length of a mortgage or other financial commitments.

With Level Cover, the amount insured remains the same throughout the entire policy term. This is ideal when you need a consistent payout amount, such as providing a fixed lump sum for your family or clearing an Interest‑Only mortgage.

A Decreasing policy reduces in value over time, usually in line with a repayment mortgage balance. It’s designed to ensure that if a claim is made, the remaining mortgage can still be paid off — often making it a cost‑effective option.

Increasing policies protect your cover amount against inflation by rising each year, typically linked to RPI or a fixed annual percentage. This helps keep your protection in line with the real cost of living over long periods.

A Renewable Term policy lets you extend the cover at the end of the initial term without new medical underwriting. This can be useful if your circumstances change or if you want flexibility to continue cover for longer.

Convertible Term policies allow you to convert your term cover into a whole‑of‑life policy at any point during the term, again without medical assessment. This gives you long‑term flexibility should your protection needs evolve.