Question by marcella plaza: What is the best life insurance?

I wouls like to make sure that my partner and my mother are safe if something happens to me. What is the best insurance? Also: Does life insurance also cover critical illness?

Best answer:

Answer by lauryn
Sounds like you want some form of live insurance such as a Term Assurance policy. Some policies do come with critical illness cover but this obviously costs a wee bit more.

If you have a financial advisior then get in touch with them. If not then do some research on the web.

Websites such as www.moneysupermarket.com will give you price comparisons and information on the types of policy.

The basic type of term assurance will give your dependents a lump sum on your death. If you get the critical illness cover then you will also be paid a lump sum on diagnosis of one of the specified illness in the policy.

It is standard practice to get a term assurance to cover large debts such as a mortgage. A term assurance will last for the term you choose but you will not get any benefits if you survive the whole term.

There are other types of cover available. A whole of live policy may be better for you. The idea here is that you pay premiums into a fund for the rest of your life and have a minimum death benefit. When you die the higher of the total amount you have paid in plus interest or the guaranteed sum will be paid to your dependents.

As mentioned above i strongly suggest that you get some professional advice (especially if you are in doubt). There are a large number of different types of contract which will give you the cover you are after. Also shop around as prices can vary.

Try this site to find the best life insurance

http://best-life-insurance-quote-usa.blogspot.com/

Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.

Know better? Leave your own answer in the comments!