Most of us want to ensure that our families and ourselves are financially secure if we become seriously ill or die. This is where life cover comes into play as it provides a guaranteed death benefit if a claim occurs during the period of insurance. Life assurance can be set up for a specified period of time (term assurance) or for the whole of the insured’s life (whole of life assurance). There are many other protection policies designed to protect an individual and his or her family against other events such as disablement, accident, critical illness, the loss of income due to being unable to do your job, redundancy and long-term unemployment.
