ABSTRACT
Of course, there never seems to be enough money to go round, but at least with life insurance you can make sure you are worth more dead than alive. Bear in mind that there are three types of life insurance. These are, in order of cost:
Term insurance: this insures your life for a fixed period of time, at the end of which you do not receive any return on your money. The insurers do not pay out unless you die within the fixed period. The policy has no more investment value than a betting ticket. You bet you’ll die by a certain date, in which case they pay out. They bet you’ll struggle on past the deadline (sorry) and thus lose your premiums (and, of course, your bet!).
