If you have people who are financially dependent upon you, and/or you would like to look after someone once you’re gone, it’s important to review your asset and income position, and how this relates to your insurance coverage.
Life insurance is one of the most cost effective ways to provide financial support to your loved ones once you’re unable to do so. As your situation changes make sure your insurance position is reviewed to ensure the coverage is appropriate for your changing needs.
How insurance benefits are eventually paid out is as important as having the insurance in the first place. You can read more about this here.