Life Insurance
This is the simplest and cheapest type of life insurance, and is known as term insurance because you choose how long you wish the cover to last, for example 20 years (the term). A term policy is designed to protect your family, should the worst happen, by ensuring you leave them with sufficient capital to maintain their lifestyle & repay any debts or mortgage. At such a difficult time knowing you have provided financial security will help your family to face the future.
How much will it cost?
The cost of a life insurance policy depends on a number of factors, including:
- The term of the policy
- Level of cover
you require
- Your lifestyle
Having life insurance needn’t be expensive though – in fact, premiums
start from just a few pounds a month.
How much cover will I need?
The level of cover
you choose is up to you. Generally, people want to ensure that their debts and mortgage are cleared, and then work out what they would like to leave their family. As a rule of thumb, some people use the measure of 4 years salary.
Why not get a life insurance quote and see how much your ideal sum insured would cost?
Get A Quote