The answer to this question is not simple and depends a lot on your personal circumstances and priorities.
The type of life insurance policy depends on you priorities and your premium budget. If you have a lot of money to spend on your life insurance and it is important to you that you leave a lump sum to your [...]
When choosing different types of life insurance there are two main categories to consider:
1. Term life insurance. This type of life insurance covers the insured person against death during a specified period (or term). The policy will only pay out for death (or for some policies terminal illness) within the insured term.
2. Whole of life (whole life) [...]
Before the insurance industry invented whole life policies, all life insurance was in the form of term life insurance. This is where an insurance company agrees to pay your beneficiary the agreed insured sum if (and only if) you die within the term of the insurance policy. In return for this you pay an insurance [...]
