Life Insurance – what you should know
Many people may not think Life Insurance is important but ask yourself, if anything happens to you, can your wife, husband or partner, manage without your income? If the answer to that is no, then you should think about taking out Life Insurance. If you do, and do it right, you can be assured that should anything happen to one of your family’s income providers, your family will be able to cope financially, particularly when it comes to paying off your mortgage, paying for childcare and covering bills.
No matter whom you arrange your mortgage through, you will always be advised to take out Life Insurance and as probably the largest loan you will take out, it is important that any policy you choose covers the full amount and term of your mortgage.