Life insurance is a type of insurance policy that will usually pays your Family or loved ones a lump sum money or a regular payment if you pass away within the policy term. It’s designed in a way so that your loved ones will be looked after when you’re not around to provide them a financial support.
Life insurance can help clear outstanding debts such as your mortgage and give your family money to live off, so your partner or children can continue to pay bills and living expenses.The cost of a life insurance policy depends on several factors including your age, health and lifestyle, and the term you want to cover.