Cover can be paid as a lump sum or an income. Make sure you choose the option that is right for you and your family and loved ones. Why not ask what is right for them should you pass away? Of course they will not want to answer or soeak of the subject, but it is important to have these matters seen to.
If you are married or have a partner then you might want to consider taking out a joint policy. This means that if either of you pass away the policy will be paid out. Of course this should be reviewed should the relationship break up, lagally the agreement may still be in place even though you are no longer partners.
Taking out Premium protection cover on your policy means if you become unemployed or are off work sick your monthly premiums would be paid by the Life
insurance Company.
There is no requirement by law in the UK to have life insurance it is up to the individual to decide if they need it.
