Life Insurance Blog

Life insurance is essentially a bet by a life insurance company that the person who they are insuring is going to live for the term of the insurance. For this reason it is necessary to accurately judge the risk that the person will still be alive at the end of the term.  When the most important aspect of whether a person will still be alive is health then it is likely that life insurance compani...

Life insurance is based on how likely a person is going to die over a period of time.  This is judged by actuaries using a number of factors which they then average through actuary statistics and work out the probability that the person will die within the time that they are trying to be insured. (more…)...

Life insurance is often sold by mortgage providers, although it can be necessary, standalone life insurance is almost always a better financial option. Mortgage based life insurance is designed to protect the lender.  If the person dies then the life insurance will pay out to the mortgage provider.  This is a reasonable precaution for the mortgage lender to take, as a person who takes out a mor...

Life insurance is a reasonably obvious thing to have when there are young children.  But if there are no young children, or if the children have grown up, life insurance does not seem so obvious. There are still reasons to get life insurance. (more…)...