We would rather not think of the time when we're no longer around. But it's important to protect the things that really matter – like our loved ones, home and lifestyle – in case the unexpected happens. Life insurance (sometimes called ‘life cover’) is all about making sure your dependants have the money they need if you were no longer around.

It's most important function is to replace the earnings that would cease at the death of the insured. Helps you to financially protect your family. We insure our cars, homes and even our mobile phones – so it goes without saying that we should also be insured for our full replacement value to ensure that our loved ones are financially catered for in the event of our premature death.

Life insurance helps you to financially protect your family. It could pay out a cash sum if you die while covered by the policy. You choose the amount of life cover you need and how long you need it for, and you can pay your premiums monthly or annually. What you need to ask yourself: Who are your financial dependants – your husband or wife, registered civil partner, children, brother, sister, or parents? What kind of financial support does your family have now? What kind financial support will your family need in the future? What kind of costs will need to be covered, such as household bills, living expenses, mortgage payments, education costs, debts or loans, or funeral costs?