When thinking about life insurance it’s important to think about what is the right kind of life insurance for you:

Temporary term insurance covers a limited period of time, a common form is which is mortgage insurance which pays out should you or your partner die.

Permanent life insurance is one that stays in place unless the insured fails to pay out.

Universal life insurance is quite a new kind of insurance policy which offers more flexibility in payments and tends to offer a higher return in the form of a cash payment.

Endowment policies pay out after a given time period whether the insured lives or dies, e.g. after 15 years or at 65 years old.

Accidental death insurance pays out should the insured party be killed by accident. These policies tend to be cheaper as they exclude health problems and suicides. Accidental Death and Dismemberment insurance does however cover the loss of bodily functions or limbs due to an accident.

Then all you have to do is find the policy which best suits your circumstances and budget.