Life Insurance is one of those depressing subjects. One of those subjects we hear, internally groan about. Then manage to find something else to speak about, or think about.

Should we have life insurance? I mean... is it really that important?

I think you need to ask yourself what the cost is of not having it? Is it really worth risking it? I would say, not.

I know personally, when I went in to get my first mortgage at a bank, I was told that I needed to get Life Insurance. I have to say I came out with a policy that I was paying 3 times to much for. Obviously years later I realise this now.

For the sake of paying a small amount out each month, to ensure I am totally covered makes me feel better. Who wants their families to suffer more after they have gone? I certainly don't. So for peace of mind, and knowing that everyone is looked after, it just makes more sense.

It is searching for the life insurance that can be so problematic. So much choice. The level you pay out each month is determined on a few factors. What kind of policy you choose... whether it be level term, decreasing term e.t.c Also how healthy you are ( I know... not very nice but it is the truth). If you have a history of bad heart disease e.t.c these are all the factors that are taken into consideration by an underwriting team. They assess how likely it is that you will die before the policy will run out.

For example if you are a healthy human being. Fighting fit e.t.c Your premiums will be alot lower then someone who has history of a bad heart. This is the way it always works.

But, you will not know how much your premium will be ( your monthly payment) until you get a quote from an advisor.