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Term life insurance provides cover for a specific period, while whole of life insurance covers you for your entire life, guaranteeing a payout upon death.

Yes, you can hold multiple life insurance policies to increase your total cover or to address different financial needs.

To make a claim, your beneficiaries will need to contact the insurer, provide a death certificate, and complete a claims form. The insurer will then process the claim according to the policy terms.

Premiums can be fixed for the duration of the policy, especially in level term policies, or they may increase over time, particularly in policies that are reviewed regularly.

Critical illness cover provides a lump sum payment if you are diagnosed with a specified serious illness, whereas life insurance pays out upon death.

While it may seem less critical for single individuals, life insurance can still be beneficial for covering debts, funeral costs, and leaving a legacy for loved ones or charitable causes.

A life insurance broker helps you navigate various insurance options, compare policies from different providers, and find the best cover suited to your needs, often at no extra cost to you.

Yes, you can cancel your policy at any time, but it's essential to consider any potential penalties or loss of benefits before doing so.

Regularly review your policy, especially after significant life events such as marriage, having children, or changes in income, and consider adjusting your cover accordingly.

Generally, life insurance payouts are tax-free for beneficiaries. However, if the policyholder's estate exceeds the Inheritance Tax threshold, the payout may be subject to tax.

When buying life insurance, consider your financial obligations, dependents' needs, budget for premiums, and the type of cover that best suits your situation.

Yes, you can change your life insurance beneficiary at any time by contacting your insurer and completing the necessary paperwork.

Writing a life insurance policy into trust ensures that the payout goes directly to your chosen beneficiaries, bypassing probate and allowing quicker access to funds. This can also provide potential Inheritance Tax benefits, as the payout may not be considered part of your estate, helping to preserve your wealth for your loved ones.

If you move abroad, your life insurance policy may still be valid; however, it’s important to inform your insurer and check if any terms or conditions change based on your new location.

When applying for life insurance, you typically need to provide personal details, health history, lifestyle choices (like smoking), and sometimes financial information.

Yes, many insurers offer life insurance to individuals with a history of mental health issues. Each application is assessed on a case-by-case basis, and it’s essential to disclose all relevant information.

No, life insurance brokers do not charge a fee. They receive a commission directly from the insurer and it does not effect your premium.