You can increase or decrease your cover at any time, add another life onto policy and add other elements to plan such as critical illness cover, income protection or mortgage protection.

If your circumstances change you can increase your cover to make sure your family is protected.

Life insurance creates an estate for your heirs. After your debts and expenses are paid, there may not be much left over for your family but life insurance can automatically provide assets for them after your death.

There are several kinds of policies that may be available to you, if you are healthy enough.

Smoking is detrimental to health and is a leading cause of life threatening illnesses. As a result smokers pay higher premiums than non-smokers as risk of them dying early is greater. I f you smoke and do not declare fact, you run risk of invalidating your policy if you have to make a claim.

It is a known fact that women tend to live longer than men. A female who insures herself using a 'level-term' policy is likely to have lower premiums than a male. This is based on fact that females live longer and are less likely to claim during period insured.

Age is a factor in successful application for a life policy. Most insurers have an age bracket of seventy-five for provision of insurance. If you are over age of seventy-five it is unlikely you will be able to find cover.

Finally, older you are greater risk to insurance provider so higher your premium will be.

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Life insurance comes in many different formats to allow people to choose best type of cover for themselves. The types of life insurance available include:

Mortgage Life Insurance

Designed to pay off your mortgage in event of your death, or death of your partner.

Level Term Life Insurance

Designed to cover fixed repayment loans.

Whole of Life Insurance

Policy continues until policy holder dies when a lump sum is paid out. As long as payments are kept up to date, sum assured, which is level of life insurance cover, will be paid to your estate.

Family Income Benefit Life Insurance

This form of insurance can provide an income for your family or a lump sum if you die during term of family income insurance policy.

Your personal circumstances will affect premiums for life insurance policies, with most important factors being age and medical history. Which life insurance company you choose can also have an impact on level of premium required as different life insurance companies treat clients differently.

Life Insurance products have now become very cost effective. Life cover is so cheap to obtain that you have virtually no reason not to obtain a policy.

Getting life insurance can be complicated due to different types of policies available. If you are unsure about which life insurance to go for, then you should seek some financial advice.

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