Life insurance is sometimes called life assurance. It is insurance for if you die.
If you have life insurance (or life assurance), then your insurance company will pay out some money if you die.
Life insurance
Insurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
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If you have a mortgage it is best to have life insurance. Then if you die, the insurance company will provide money which can be used to pay your mortgage.
Mortgage
A mortgage is a type of loan for buying houses. A loan means that you borrow money from the bank and then pay it back.
Go back up to wordLife insurance
If you have life insurance (or life assurance), then your insurance company will pay out some money if you die.
Go back up to wordsInsurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
Go back up to wordsMortgage
A mortgage is a type of loan for buying houses. A loan means that you borrow money from the bank and then pay it back.
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Some life insurance will ask you to choose different things.
Life insurance
If you have life insurance (or life assurance), then your insurance company will pay out some money if you die.
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What can you get life insurance for?
You may be able to get insurance to cover you if you are very ill.
Insurance
Insurance is a way of making sure that if something happens to your house or your possessions, like a fire, flood or accident, you can get money to replace things.
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You may be able to get insurance to cover you if you are can't work because you have had an accident or are ill.
Insurance
Insurance is a way of making sure that if something happens to your house or your possessions, like a fire, flood or accident, you can get money to replace things.
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Insurance
Insurance is a way of making sure that if something happens to your house or your possessions, like a fire, flood or accident, you can get money to replace things.
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It is very important to check what is covered and what you will get.
Be careful!
Lots of people will get state benefits if they are ill and cannot work.
State benefits
Money that is paid to people by the government. There are lots of different types of benefits and some people get more than one type.
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Talk to your family or friends to see if you need life insurance.
Life insurance
If you have life insurance (or life assurance), then your insurance company will pay out some money if you die.
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If you do decide to buy life insurance, shop around to get the right one for you.
Life insurance
If you have life insurance (or life assurance), then your insurance company will pay out some money if you die.
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How much will it cost?
The cost of life insurance will depend on your age.
Life insurance
If you have life insurance (or life assurance), then your insurance company will pay out some money if you die.
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The cost will also depend on the things you do. For example, it might cost more if you smoke.