Life insurance pays out if you die. Income protection pays out if you are alive but cannot work, which is far more likely to happen. Here is how much you can insure, how long you wait before the money starts, and the three words in the policy that decide whether you are ever paid.
Term cover pays out if you die within a set number of years. Whole of life pays out whenever you die, and costs far more for it. Here is how to tell which one you need, and the one case where the dearer policy is the better buy.
Most UK life insurers pay the great majority of claims. What differs is how they check your application, what they include beyond the payout, and how they treat health conditions. Here is what to compare, and the mistake that leaves families with nothing.
Most people buy life insurance after a shock — a colleague diagnosed at 42, a friend left with a mortgage they cannot pay alone. Here is how the cover works, what it should cost you, and the free step that keeps the payout out of the taxman’s reach.