Life Assurance is an insurance policy that helps to protect your loved ones financially in the event of your death. You choose the amount of cover you need and the length of time you want to be insured for.
It could be used to repay the mortgage or help protect the family’s lifestyle and everyday living expenses. Life Assurance is also known as life insurance, mortgage protection or level term assurance.
It depends on your individual circumstances. You may want to think about leaving a lump sum to your dependents, inherence tax and estate planning or help to clear an outstanding mortgage on your death.