Level Term Assurance (LTA)
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Level Term Assurance (LTA)
Level Term Assurance is a straightforward and effective way to protect your family’s financial future.
It operates within a specified ‘term,’ such as 15 years, and offers a fixed lump sum payout if you pass away during that period. For example, if you choose a 15-year term, your loved ones will receive a predetermined sum, like £160,000, should you die within that time frame. LTA provides financial security and ensures your dependents have the support they need.
Our Level Term Assurance Expertise
Level Term Assurance
Consistency is a key selling point of LTA. As the terms of the cover remain unchanged throughout the duration of the selected term, your peace of mind is secured.
Decreasing Term Assurance
Your financial responsibilities, such as mortgages and loans, often decrease over time. This cover aims to mirror that trajectory, reducing payout as you pay off your commitments. This way, you’re not paying for more cover than you need.
Convertible Term Assurance
At Haven, we understand that life is unpredictable and needs can evolve. This flexible policy allows you to adapt your protection as your circumstances change. While it begins as a regular LTA policy, it can be converted into a new policy, such as Whole of Life, if your needs require it.
Flexible Policies for Any Situation
With all of life’s twists and turns, we believe that unwavering protection should be offered throughout. When the inevitable occurs, this policy pays out a lump sum to your loved ones, free from the confines of a specified term.
The warmth of giving can quickly cool when inheritance tax comes into the picture, altering the gift’s value and placing potential financial strains on recipients. This policy covers that burden, allowing your recipients to receive the full value of your gift without costly burdens.
Your family’s wellbeing is your top priority, which makes it ours too. This policy provides a steady, tax-free income to your family in the event of your illness or absence. Unlike a lump sum, this is tailored to replicate your monthly income, providing consistency and continuity to their lifestyle.
As the landscape of our economy constantly changes, inflation can affect the value of your LTA over time. If you opt for inflation protection, your policy’s value will be adjusted accordingly. With this safeguard in place, your LTA will stand strong against the tide of inflation, preserving your investment long-term.
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