Saving money with term life assurance

Mon, 01 Oct 2007

According to one insurance company term life assurance could be one way of affording a life insurance policy for a family who otherwise might have to live without.

Term life assurance can be a great benefit to anyone, Libra financial planning have stated, whether they are married or not. A spokesman for the financial services advisers reportedly commented: "The idea is you take out a specific amount of cover over a period of time, be it 10 years or 25 years, and you insure yourself for however much you need."

They reportedly continued: "Should you die within that period, the life assurance company will pay up. It is a guaranteed sum of cash. If you don't die, the insurer will keep the premium."

Life insurance in the UK is apparently going from strength to strength, with Lifesearch reporting strong growth figures.
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