Life insurance is one of the best forms of protection for your family should you die, this is because it is simple, straightforward and in most cases relatively inexpensive. Should you have outstanding debts, or dependant children you should definitely have some form of life insurance. Outstanding debts can be passed to relatives if you were to die and they would in a lot of cases become solely responsible for them. Life insurance stops this risk by paying out a lump sum to cover these upon your death. The biggest debt many of us have is our mortgage, you can tailor your life insurance policy specifically to pay off this and get it to decrease along side your mortgage so that should you die before the end of the mortgage repayment term the life insurance lump sum wil View the rest of this article
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