The whole picture

For a client with dependants life assurance is one of the most simple and valuable products you can sell them. Term insurance, where the policy pays out on death within a certain time frame, is very simple and cheap. The amount of cover is fixed for the term of the policy. Term insurance can also be written on a decreasing term basis where the policy is taken out to cover a financial liability, which will decrease over time, for example, a repayment mortgage, so the amount of cover also decreases over time. Family income benefit policies are term assurance policies, which pay out a ta...