Life insurance is one of
the simplest insurance concepts on the planet. If you die your estate gets
paid a cash sum. It isn’t really life insurance but death insurance.
Life cover is often
taken out to protect your family. This could be by ensuring there’s enough
money to pay off the mortgage, making sure there’s an income for children and
other dependants, or to pay funeral costs. Protecting your family from the
financial consequences of an unexpected death often makes sense.
Unlike health or car
insurance, you will not be around to argue your corner at claim time, so
getting the right policy, through the right people, is really important. Various
options for life insurance are considered in this section