Article

Not all of us will reach a ripe old age. According to research carried out by Munich Re, one in 12 men and one in 16 women will fail to live to the age of 65¹.

Such statistics are likely to make anyone with dependents stop and think. How would their partner and children cope financially if they were no longer around to provide for them? Would they be able to keep a roof over their heads, continue with current educational arrangements or even just meet essential expenses like food, clothing and utility bills?

Fortunately, it can be possible to protect against untimely death by taking out life insurance very inexpensively. Premiums depend on factors such as your age and health, the length of the policy term and the amount of cover required, but can cost as little as £5 a month.

With 'level term' life insurance, the potential pay-out remains fixed throughout the policy term. But with 'decreasing term' cover for protecting a mortgage – which costs slightly less – the potential pay-out decreases in line with the outstanding mortgage.

Some experts recommend that a breadwinner should take out cover that would produce a pay-out sufficient to replace around two thirds of their regular earnings until their dependents are old enough to look after themselves.

Arranging life insurance need not be complicated because webmoney is unusual in enabling you to get flexible and affordable life insurance cover for your family within minutes by completing the whole application process online. There is no complex paperwork or having to speak to a broker.

¹ Money Marketing