What you need to know about life insurance How does life insurance work? - Life Insurance could pay out a cash sum if you die during the length of the policy. It could be used to help pay the mortgage or help protect the family's lifestyle and everyday living expenses. You choose the amount of cover you need and how long you need it for and unless you make any changes, your cover amount will remain the same. Do I need life insurance? - Anyone may have a need for life insurance, for example, those with children, a partner or spouse who depend on your income, or a mortgage on the family home. Remember, the monthly cost of life insurance tends to be cheaper the earlier in life you take out a policy. It's also important to choose a premium that you can afford now and in the future. Most of us insure our cars, homes and even our phones, which in life very important – but what about helping to protect our loved ones? Life insurance provides a peace of mind for you and your family and loved including your business associate, partners if you die, helping them cope financially during an otherwise difficult time. Most life insurance includes a terminal illness benefit. That means the policy will pay out if you’re diagnosed with a terminal illness within the policy term that meets provider’s policy definition and aren’t expected to live for more than 12 months. For More information contact Mor-Invest