Hugh Breakey does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

In simple terms, life insurance pays an agreed sum of money to people you choose (your beneficiaries) if you die while the policy is in force. You must pay a monthly fee (or premium) for this. How ...

Many of us have life insurance because we take it out when we get a mortgage. The point of having the life insurance is that if we die, it pays out to cover the mortgage. Life insurance is useful for ...

What does it mean to put a life insurance policy in trust? Life insurance pays out a cash lump sum to your loved ones if you pass away during the term of your policy. A trust is essentially a legal ...