Life Insurance is a policy that pays out when the policyholder dies. Normally a lump sum is paid to ensure there is no financial hardship for the dead partner's family or partners.
Terminal illness cover is included with most policies. Normally this means if you are you are diagnosed with a terminal illness you will be paid out before you die. This could help with advnaced medical services, to help you in the later stages, or even treat yourself to something special when time is critical.
When you take out a life insurance plan you are ensuring your family will be looked after financially when you're not around.
Taking out a joint policy with your spouse or partner will be cheaper than having two separate policies. But remember it only pays out on the death of the first policyholder.
Your personal circumstances are always changing so don't forget to review your life insurance cover on a regular basis.
