Life Insurance Life insurance is the best type of protection you can get for your family (1) something unfortunate happen to you. The (2) of not having any life insurance or not quite enough cover are massive, (3) it means your family could be left in a real predicament should you die. Many people don’t have any cover, insufficient cover or the wrong type to (4) their needs. (5) should I buy life insurance Many people ask me this question. The answer is right now. The younger you are the (6) the insurance will be. This is based on a risk (7) as the younger you are the less (8) you are to die. In addition to this if you get your life insurance with guaranteed rates you will keep the same low premium through the (9) of the contract, (10) you total peace of mind at a relatively low price. What will affect my life insurance When (11) to buy life insurance you need to consider a (12) of other factors that will affect the insurance. If you smoke for example or have poor health this will all affect your final premium. The (13) thing you can do is to discuss these with your life insurance broker from the (14) and they can advise you. The most common form of life insurance is term or level life insurance, (15) is cheap and relatively straight forward. You pay a set premium each month (16) the term of the policy and you work out the sum assured as discussed previously. Then in the (17) of your death a lump sum payment would be made. If you were to still be alive at the end of the policy or even if you (18) paying the monthly premiums then the policy would not payout and you would receive (19) back from the policy. Overall you need to do your homework, work out your sum assured and buy life insurance sooner (20) than later as it will save you in the long run.