The contract is the legal document you will sign that allows payout at your death. Certain life insurance policies have clauses regarding the manner of death and how they will payout for certain circumstances. It is important that you understand all of these terms before signing the contract and returning it. You also need to understand the insurable interest you will pay. Life insurance is for surviving family members to live on after you have deterioration in health or death, so it is very important to make sure all aspects are covered before anything untold happens. Also make sure that the insurer you have the contract with is authorized by the Financial Services and Markets Act of 2000.
About the Author Luke Ashworth writes for Protected.co.uk, offering views on life insurance in the UK, visit www.protected.co.uk today and compare life insurance plans in minutes.
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