- This is the most popular and cost effective type of cover on the market.

- It pays out a lump sum if you die within a certain period of time which you choose.

- There are a number of optional benefits you can include in the plan along with life cover, such as serious illness cover, hosital cash benefit and personal accident benefit.

- It does not cover you for your whole life and this is why it's cheaper than whole-of-life cover.

- This type of plan provides you with life cover for your whole life. As long as you make your regular payments, this type of cover will pay out a lump sum if you die or are diagnosed with a serious illness.

- Whole-of-life cover is usually the most expensive type of life assurance.

- This type of life cover pays off your mortgage if you die.

- You take it out for the term of your mortgage and your cover reduces each month as the amount you owe on your mortgage reduces. 

- You can also include serious illness, hospital cash or personal accident benefit with this type of plan.

- This is the most cost effective terms assurance product on the market. It covers you for a certain term which you decide and will pay out a lump sum if you die during the term of the plan. 

- The advantage of pension term assurance over other life cover plans is that it costs less because you can claim income tax relief on your premiums.

- Similar to the tax relief, you can claim on your pension contributions - hence the name of the product.