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Getting the best life insurance deals is easier than ever with Comparewise. Simply apply for free online and get your pick of the lowest rates available on the market. Life insurance is an important step in making sure your family has a financially stable future no matter what happens.

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FAQs about
Life Insurance

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What is life insurance?

Life insurance ensures that anyone financially dependent on you is taken care of when you die. With life insurance in place, your spouse and/or children will receive a tax-free lump sum from your insurance provider following your death. This amount is intended to help cover funeral expenses, unsettled debt, and some of their basic needs going forward in your absence.

Who should get life insurance?

Anyone who has family or loved ones that are reliant on them financially should take out life insurance.

Life insurance is not a prerequisite for everyone, although it may be a requirement if you take a mortgage loan. It does, however, offer some financial security for your dependents if you unexpectedly pass away.

The funds they receive from your life insurance enable them to pay off any outstanding debt you may have incurred, and usually ensures that they have some finances available to cover living and other general expenses for the foreseeable future.

How does life insurance work?

When you take out a life insurance policy, you agree to make regular payments to the insurance provider until you pass away (if they have permanent life insurance) or for a fixed term (in the case of term life insurance). After death, a lump sum will be paid out to the policyholder’s beneficiaries detailed in the agreement.

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