How does life insurance work?
To get a quote for life insurance you’ll need to provide us with your personal details along with details of what amount of cover you’re looking for and the length of the policy.
When looking at the amount of cover, think about any mortgage or debts you’d want to clear and what sum would be required to help your loved ones to maintain the lifestyle they currently have with you.
When it comes to the length of the policy, remember that a term life insurance policy runs for a fixed term. If you choose 15 years for example, you will pay your premiums for the 15 years and if you’re still alive at the end of that term, the policy will just come to an end, unless you have discussed an extension with your insurer.
You’ll need to disclose whether you’re a smoker and whether you have any existing medical conditions and failure to provide this information accurately could invalidate your claim. You may also be required to undergo a medical too.