What is it for?

In the event of your death, level term insurance can ensure that your family will be financially stable. For instance, a payout could be used towards left-over credit, final expenses and making sure that money worries are not something your family needs to be concerned about at a difficult time - and into the future. If you have an interest-only mortgage, a payment could cover the full amount so that your family can remain in the property. It could also cover costs such as higher education.