Best Life Insurance

Life insurance is a type of cover that provides financial support to you and your family, usually through a lump sum, if you pass away or are diagnosed with a terminal illness.

In exchange for a monthly or annual premium, your insurance provider agrees to pay a lump sum to your beneficiaries if you pass away or are diagnosed with a terminal illness. As your family won't receive your regular income, the lump sum can be used to settle debts, cover funeral costs or help with daily expenses.

Life insurance helps alleviate financial stress for your family in the event of your death. If you pass away, they'll be able to cover the cost of your funeral and pay for other expenses, without needing to worry about money while they're grieving.

Yes, you can have multiple life insurance policies for the same person. You could choose to do this so you can allocate payouts for different purposes, such as one policy to cover debts and another to provide financial support for your family.

You don't legally need life insurance for a mortgage, but many lenders require it to approve your application. This offers financial reassurance that your mortgage can be covered in case of death or serious illness.