Life insurance is one of those things that people know they should have, but are often bamboozled by the range of options and companies available.
That’s where a company like Crawford Mulholland can prove invaluable.
But first…let’s start with the basics about life insurance.
Life insurance is a type of insurance that pays out a lump sum to your familyif you die during the term of the contract. It can help your husband or wife or children to continue to pay for any financial commitments, such as a mortgage, that might fall to them to pay in the event of your death.
The amount paid out is called the ‘sum insured’ and the length of the policy is called the ‘term’. You choose the payout amount and the length of the term when you sign up for the policy.
So that’s the basics.