Life insurance can be set up to cover a mortgage, potentially helping your family to stay in their home if you were to die.

A payout could help your dependants replace any income shortfall felt by the loss of your earnings.

Cover could be set up to pay off debts you might leave behind.

– A payout could be used to help cover the cost of your funeral.

– Life cover can help mitigate if you have little in the way of savings.

– Life insurance products can be used as part of inheritance tax planning in order to reduce or avoid this tax.

– Putting a policy in trust can provide greater control over assets and faster payouts.

– A policy could pay out early if you’re diagnosed with a terminal illness.

– You’re hopefully taking away some of the stress felt by those you leave behind.

– You have peace of mind that loved ones have a certain level of financial protection to fall back on.