For most families, term life insurance is the cheapest way to get coverage. Learn how it works, how much it costs and how to shop for a policy.

Discover the six key factors that influence your life, disability, and critical illness insurance premiums, and learn how to optimise your coverage for better value.

We’ll review what life insurance is, how it works, the types of policies available, and how to choose a life insurance policy that fits your needs. scyther5 / istockphoto.

Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component. Skip to content.

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Variable universal life insurance is a type of permanent life insurance policy, like whole life insurance. The growth in a VUL’s cash value is tax-deferred, like growth in a health savings ...

Life insurance beneficiaries are not required, but not naming beneficiaries could make it more difficult and time-consuming for your heirs to receive the death benefits of the policy.

Taking out a loan on your life insurance policy can give you a quick infusion of cash, but only if you have the right kind of policy. And even if you can borrow from your policy, that doesn't mean ...

Life insurance works by providing your beneficiaries with a tax-free lump sum payout if you die within the term of the policy. A typical policy term might run for 10 years, for example, or up to ...

Mortgage life insurance, also known as mortgage protection insurance (MPI), is designed to pay off your mortgage when you die. Some MPI policies also offer coverage for a limited time if you lose ...

Term life insurance offers temporary coverage for a specific period of time, such as 10, 20 or 30 years. As long as you keep up with your premium payments, your insurer will pay a sum of money to ...

How Whole Life Insurance Works . Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for level, regularly-due premium payments.