Confused by all the jargon surrounding something that is actually quite simple? We have packed into one page all the words that you may have heard, but not necessarily understood.

If we have missed something, or you are unsure about something, please call us on 0800 169 4321.

decreasing term life assurance

This means that the sum assured you are covered for goes down gradually over the policy term. We do not offer this type of term life assurance.

joint life first death policies

These are life insurance policies that pay out if either you or your partner dies first. Once the claim has been paid, the policy ceases. Our life insurance and family income life cover are both available on a joint life first death basis.

joint life second death policies

These are life insurance policies that pay out on the death of the second policyholder. Nothing is paid out if the first policyholder dies and there will only be a payout if the second policyholder dies within the term of the policy.

life assurance

Life assurance is exactly the same product as life insurance. It can help protect your family against the financial consequences of your death.

level term life insurance

This means that the sum assured you are covered for will not change throughout the term of your policy. We offer level term life insurance here at engage.

life insurance quote

A life insurance quote will tell you how much cover you may get and how much it may cost. This will depend on a number of factors such as age, gender, smoker status and the term length you require.

sum assured

The sum assured is the amount of life insurance which would be paid out on your death.

term/policy term

A term is the number of years you are covered for under the policy. Our Life Insurance offers terms of 10, 15, 20 and 25 years. Our Family Income Life Cover offers a set term of 20 years.

term life assurance/insurance

Term life insurance/life assurance is a form of insurance you take out to help protect your family financially should you die. You take out term life insurance for a period of time (term) that you choose. Should you die within the agreed term the policy pays out a lump sum. Once the policy reaches the end of its term cover ends.

whole of life assurance/insurance

Whole of life insurance is a life insurance policy that runs throughout your life until you die. Your loved ones are guaranteed to receive a lump sum when you die. Our whole-of-life plan is for UK residents aged between 50 and 75 and features guaranteed acceptance with no medical.

Have a better look at what life insurance we offer and get a life insurance quote here.