A convenient and affordable way to provide life insurance coverage for your loved ones is with a term insurance policy. It’s called term insurance because you buy it for a specific period of time, or term, such as ten years.
Thinking about when you might need life insurance cover (sometimes known as life assurance cover) is something few of us relish. Yet, to ignore the need for such a product could leave us, and our families, in a vulnerable position.
Not many people will relish the idea of taking out life insurance after all, few of us will like to be reminded of our own mortality. We should though always make a point of having plenty of safeguards in place and that is exactly what life cover is. Here are 3 of the most common questions that people will ask regarding this type of insurance.
When you've the excitement of buying a new property, thinking about what would happen if you, as the main earner, unexpectedly died or suffered a critical illness, is probably the last thing on your mind. Horrible thought but it really can happen. If it did, apart from anything else, how would your mortgage payments be met?
Whole life insurance is an insurance policy that remains effective for your entire life. While the policy is active, you must pay an annual premium into your plan.