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Why do I need Life Cover

Why do I need Life Cover?

Life insurance (sometimes known as life cover) can pay your dependents money as a lump sum or as regular payments if you die, or if you opt for critical cover, if you become seriously ill. It’s designed to provide you with the reassurance that your dependents will be looked after if you’re no longer there to provide and is particularly important if you own a home. There is not a standard amount of money paid out but will depends on the level of cover you buy. .You decide how it is paid out and whether it will cover specific payments, such as mortgage or rent.