FAQS.

Life insurance is optional, however there are many reasons to have it in place. For example, if you have a partner or family who may struggle to cope financially then life insurance could offer them the help they need at a very difficult time.

Your premium will vary depending on the type of policy, the size of the sum assured and the risk of the claim – if you have a dangerous job, for example.

Also, age is factor, so life insurance will be more expensive for an older person. Similarly, if a customer is in poor health they can expect to pay a higher premium.

The insurer will consider occupation, hobbies, lifestyle – such as weight and fitness – to help determine their premiums.