Saturday, 23 March 2019

Life insurance: what are the common pitfalls?

Life insurance can be a lifesaver, providing a financial safety net for your dependents and loved ones if the worst should happen.

People buy life cover for different reasons, but it is most commonly bought to cover the cost of large ongoing debts and expenses such as a mortgage, or the cost of bringing up a family, during your working years.

Some buy life cover to provide legacies for their children or spouses, writing guaranteed assured payouts into trust.

But policies can vary enormously and the jargon surrounding the industry is not always the easiest to understand, meaning some people can be caught out.

To make sure you do not end up spending money on inappropriate insurance, here are some…


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