Do I need life insurance?
If you are single, with no dependents, then life insurance might not be too much of a concern for you. But if you have a partner and children, who rely on you financially, then life insurance could be beneficial to them.
How much will life insurance cover me for?
Life insurance can cover you for whatever amount you choose. A lower premium would see a smaller sum paid out, whilst a higher monthly amount may cover larger amounts like the balance of a mortgage.
What is term insurance?
Term insurance pays out only if you die within the term stated and therefore the premiums might not be as high.
What can I use the benefits for?
The benefits of life Insurance could be useful for paying mortgages, household bills, the cost of education and just generally ensuring that your family remain comfortable.