Life Insurance
Life Insurance is a lump sum payment made at death or upon diagnosis of a terminal illness.
The payment may be made to your estate or you may have it owned by another party ie spouse/partner; Business partner; Child ( over 18); Trust or indeed by anyone you select. The payout is invariably made within a week or so of death except in special circumstances, and mainly covers death from any cause.
There is no limit to the number of Life Insurance policies one may have, nor is there a limit to the amount of cover you may choose.
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