Does Life Insurance have to be associated with a mortgage?
No. You can take out Life Insurance to provide a lump
sum for your family if you die.
Although most people consider Life Insurance in relation
to mortgage protection, it is also commonly bought to provide a tax-free
capital lump sum for the family. It can be spent in any way your family
wishes. This is an important consideration if you are the main earner
or even one of the main earners.
Other relevant questions…
Life Insurance - why do I
need it?
Is Life Insurance for me?
What else do I need to know about Life Insurance?
How do I get a Life Insurance Quote?
How do I choose the right policy for me?
What if I need cover to be arranged quickly?
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How are premiums calculated?
What if I have to make a claim?
Do I need Mortgage Life Insurance instead?
Should I consider Critical Illness cover?
What other sorts of Insurance should I think about?
How do I make a complaint?
What do I need to know about the law and Life Insurance?
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