In simple terms, life cover is a long-term insurance policy that protects your family members and dependents from financial hardship, if the worst should happen. If you die (or you’re declared terminally ill with some policies), a death benefit is paid to the specified beneficiary or beneficiaries, in accordance with the agreed terms of the policy.
If you’ve been considering taking out life cover, you probably have several important questions and concerns to address. Particularly if the policy you’re interested in attaches a heavy premium, it’s important to know what you’re getting.
