This form of insurance is a very basic way to insure your life. It works by paying premiums in order to cover you and then in the event of you dying during the policy, the insurer pays out one lump sum for the amount you are insured.
Their are different options to be covered under for example terminal illness cover. The full lump sum will then be paid out in full if you are diagnosed as being terminally ill during your policy.
This can provide an estate for you and your family if no other assets have been acquired. This is due to the finances that will be paid out from a life insurance claim.
Their are three different types of this insurance these are:
Term Life Insurance
Universal Life Insurance
Whole Life Insurance
We work with a panel of Financial Advisors who can provide you with independent advice to help you choose the correct product(s) for you. Call us now for more information.