Term Assurance is the simplest form of life cover. Basically, if you die during the term of your policy, a tax-free sum of money will be paid out to your family.

Term Assurance or Term Life Insurance is a form of life insurance that pays out if the policyholder dies or, with some plans, on the diagnosis of a terminal illness first identified during the term of the policy. If the policyholder is still alive when the policy term expires, no payment will be made.

Term assurance can cost just a few pence a day. It's a really low cost form of cover that can help provide for your loved ones should the worst happen.