You may consider life insurance cover if you have family members who rely on your income, such as a partner or children. A life insurance pay-out can help to provide for your children as they grow up if they can no longer rely on your income. If you own a home, life insurance cover can help your partner or family to pay off the mortgage.

If you were to pass away during the contract term, your life insurance policy will pay out money to your family, usually in the form of a lump sum or instalments. The amount of money paid out will depend on the level of cover you buy. With most life insurance covers, you will have control over the policy and can decide the length of the cover, the amount and who will receive the pay-out.

The right life insurance cover could help to replace your monthly income, in order to help your family with everyday living expenses. It might also cover any medical bills, pay off debts and help with any estate-related matters. It doesn’t matter whether you are young or old, single or married; life insurance cover can bring you peace of mind and provide protection for the uncertainties in life.