Most people believe that life insurance is ‘a good thing’. For most of us, it underpins our financial planning, protecting our family, while for others it can be a key business tool or estate planning mechanism.
Life insurance can also be a complicated business – full of jargon, legalese and long application forms. Yet it need not be like that. Understand the fundamentals, and life insurance becomes relatively straightforward – the problem is that no-one bothers to explain those fundamentals to us in the first place.
The prime purpose of any life insurance policy is to provide money where there is a financial need resulting from a death. There may be other reasons to buy life insurance, but they are subsidiary to this main need.Last Updated
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Choosing life policies
