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.
You can take out mortgage life insurance which will pay off your mortgage in the event of the death of you or your partner. Sometimes this can be related to as an endowment mortage. But plese be aware of the bad press in recent years about certiam endowment policies not paying out enough, to cover the mortgage.
When applying for life insurance answer all the questions as honestly as you can. Non-disclosure is the main reason for a payout to be declined. Of course your circumstance may change as yor life changes, you must of course keep your insurance comapny informaed all the way.
The less risk you'll die the cheaper you're cover will be, so if you maintain a healthy lifestyle your insurance payments will be less.
