Life insurance is a type of insurance policy which pays out a lump sum to your dependants should you pass away during the term of the contract. The cost of a policy is determined by several factors including your age, health, and lifestyle.
Life insurance cover will help protect your loved ones financially should you die during the term of the policy. There are various kinds of policy available to you.
You may want the peace of mind of a policy that will protect your mortgage for the whole term or you may want a policy which will continue cover after your mortgage has finished.
You can take a policy jointly with your partner /spouse or you can take out separate policies
Many people take out life cover at the same time as a mortgage but may want to increase the cover when children come along or when university fees have made an impact on savings.