Term insurance is insurance that pays out a lump sum if you die during a particular period of time. You choose how long you want to be covered for, for example you may want your cover to tie in with the end date of a mortgage, or when you retire. It can help make sure that your family will be financially secure if you die during the set term. If you survive to the end of the policy's term, nothing is paid out and the policy ends.
Not sure what level of cover you need? Advice might be for you