Once you have your life insurance sorted, you can get on with the rest of your life with peace of mind and full protection. It may not be the most popular of thoughts, but have you considered what would happen if you were to lose your life? Would your family be able to cope financially without you? Of course they will have grief and other emotions to deal with, but taking care of the financial aspect can save a large amount of worry and deal with practical matters such as funeral costs. Use the chart below to compare the main features of each life insurance policy. What exactly can you cover? Are there any exclusions on the policy? What are the details? Take your time and have a good click around each product to make sure you know what is on offer.
Compare Life Insurance
Make sure your loved ones are protected with Life Insurance
Do you need Life Insurance?
What can life insurance be used for?
Life insurance can help create financial protection for your family. Should you die prematurely it can be used to pay any final expenses and debts you may have, provide and income for your family, ensure your family has the resources to maintain a comfortable standard of living. It can also be used to leave a legacy to your favourite charity.
While you are still living some policies can build tax-advantaged savings which you can draw upon when you need. It can also supplement your retirement income and provide long-term medical care for yourself or a family member.
Finding the right Life Insurance policy
There are many different types of life insurance policies available that will suit a variety of budgets and circumstances. You need to find the best type of life insurance for you needs. As there are many different policies available you should take the time to research and compare the market which you can do in the table above.
In terms of how much a policy will cost bear in mind that the amount you pay for your policy increases with the likelihood of death within the term. Your age, health and occupation can increase the price.
04 January 2012
Which Way to Pay
Life insurance is not necessarily for you but for those you leave behind. It is a policy that pays a cash lump sum so that your family can maintain their lifestyle after you have gone.
07 September 2011
Which Way to Pay
Itís not a conversation anyone wants to have, but the importance of life insurance isnít a something to be avoided. If youíre not properly covered youíre placing your dependents at significant risk - the last thing needed in the event of your death or serious injury!