What does a life insurance policy cover?

A life insurance policy can allow your family to cope any financial matters in the event of your death. So it is really important to pick the right policy to cover your requirements.

What does it cover?

Life insurance in essence deigned to pay out a lump sum of money to your dependants upon your death, or with some policies a set date in the future.

This is sometimes known as life assurance or term insurance to some people. You can take out a policy to inure you for a certain period of time and you can get the policy to payout if you die within that period.

Life insurance policies can also provide financial support for replacing your salary, childcare or educational costs.

Compare policy features and benefits from leading life insurers with our life insurance comparison.