Level Term protection covers you for a set period of time for a fixed sum. Whether the person covered dies in the first year of their policy or the last, the benefit amount will remain the same. The benefit amount will be agreed on at the outset. Recurrently, people who have been informed they have less than 12 months to live, claimed against a terminal illness before the last 18 months of their cover (a terminal illness is defined as an incurable illness that reasonably expected to result in the death of the patient. . Alike with all protection policies, this type of protection is totally dependent on the individual's requirements and circumstances e.g. if the person being insured had an interest only mortgage then this type of cover would be ideal as the level of debt on the mortgage does not reduce as the years progress.