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Home » Finance FAQs » What is Life Insurance?

Life insurance, which can also be known as life cover or life assurance, is a type of policy that protects your loved ones with financial support if you die.  It can help minimise the financial impact that your death could have on your family and offer peace of mind to those you care about most.

Most life insurance policies are designed to pay out a cash sum to your loved ones if you die while covered by the policy.  It can help them deal with everyday money worries such as household bills, childcare costs or mortgage payments.

You choose the amount of cover you need and how long you need it for and whether you want joint or single life insurance policies.

Talk to your financial adviser about the options available to you.

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