Term life insurance is a life insurance product that pays out a cash lump sum upon death of the insurance policyholder or at the point that the insurance policyholder is diagnosed as terminally ill. But, despite it being a low cost term life product – insurance cover can be acquired from as little as £5-£10 per month – surprisingly few of us have term life insurance in place.
For people with a mortgage and family to support, not having a term life insurance policy exposes…