How much cover do you need?
How long do I need cover for? Life insurance can run for the amount of time you request. Terms can be as short as 5 years, or can cover you indefinitely until you die (known as a ‘whole of life’ policy).
As a general rule, the shorter your insurance term is, the less your policy will cost. If you need it to run while your mortgage is being paid, you might be suited to a 20 or 25 year policy. If you just want it to cover the time your children are home, you might be able to settle for a shorter term.