Ensure you purchase enough cover to cover all your debts – such as mortgages – in the event of something happening to you. This can help provide stability and financial peace of mind to those closest to you.

Whole life insurance does build ongoing cash value. The longer you keep the policy, the more value it has. And this is real, cash value that you can borrow against if you get in a bind for cash. Although whole life insurance is more expensive than term life insurance, the returns you can get, in [...]

The simple explanation is that term life insurance is just raw, basic insurance. It pays cash to the beneficiaries upon the death of the insured person. Until that death occurs, the policy has no actual cash value. You can’t borrow against a term life policy and if you stop paying the premiums, you’ll have nothing [...]

In most cases the policies now available to the over 50’s will cover the applicant fully and in the event of their death a lump sum will then be paid to their family. However, this sum will only be paid if a person dies during the term of the policy and not after it has [...]

There are three main ways a new life insurance policy is priced: Underwritten policies are those where you answer questions on your personal and family medical history and undergo a medical exam arranged by the insurance company; a simplified issue life insurance policy application asks you some medical questions but does not require a medical [...]