Life Insurance is a protection policy that can help reduce the financial impact that your death could have on your loved ones. If you where to die or be diagnosed with a terminal illness with a life expectancy of less than 12 months, during the term of the policy, it could pay out a cash sum which could be used to repay an existing mortgage or unsecured debts. It can also give your family money to live off, so your chosen beneficiaries can continue to pay bills and living expenses which allows them to maintain a good standard of living.
After all, life Insurance, it’s not for you; it’s for your loved ones.