There are various Life Insurance covering options available - plan ahead for when unexpected things happen, so that your family will be looked after financially....
Essentially, by taking out Life Insurance, you are planning ahead for something that guaranteed will happen – death. The person cannot be replaced, but a life insurance pay out, will secure stability for those left behind.
Often the lump sum pay out, is tax free. If you have any hire-purchase or lease agreements, paying a bond, or have any unsettled personal loans, it is recommended that you should also own Life Insurance.
Given the high number of Life insurers offering this cover and the vast many different cover and benefit options, clients should take the time to peruse all before your selection.
In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!