How Does Life Insurance Work?

The terms and wording used to describe Life Insurance can make it sound complicated, however, it is actually quite simple. You choose the level of cover you want and for how long you want this cover. You pay your premium, which is usually paid monthly.

If you die during the term of your plan, the level of cover you are insured for is paid as a lump sum.

You may also like to read:

1. 1. How Much Life Insurance is Needed?
2. 2. Do I need Life Insurance?
3. 3. Do I Get Tax Relief on Life Insurance Premiums?