Life insurance, also known as life assurance or term assurance, can be confusing and complicated, which is why we've put together 10 things you need to know to help you find the right, most cost-effective life insurance policy for your needs.
If you were to die, taking out life insurance can ensure your family can cope with any financial burden you may leave behind, such as replacing your income, paying the rest of the mortgage or paying for childcare.
The cost of life insurance can vary considerably so it's important to shop around for the best life insurance deal to suit your individual or family needs. Life insurance generally costs more the older you get, but as life insurers compete for business and reduce rates, you can still get cheap life cover if you shop around.
Compare brokers as you would direct insurance policies. Get quotes from a couple of brokers to compare prices and policies.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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