What is Life Insurance?
Life Insurance is a type of policy that pays out a lump sum in the event you passed away during the policy timeframe. There are different types of policies available, so you can choose the right cover for your family's future.
What Types of Life Insurance Policy Should I Choose?
There are two types, Term Life Insurance and Whole of Life Insurance. With Term Life Insurance, there is Increasing, Level and Decreasing. These can work in-line with the likes of rising inflation and decreasing mortgage debt. With Whole of Life, you are covered until the day you pass away.