Life insurance is designed to ensure your family avoid any financial harm if you pass away during the term of the policy, by paying a lump sum payment.
Your policy is covered by you making monthly payments. The payment amount is determined by your job, age, smoking status, overall health, how long the insurance is for and the amount being insured.
It is typically taken out to clear a mortgage debt and/or to help provide financial reassurance for your dependants if you passed away.
At RNR Mortgages, we aim to make arranging your life insurance, like your mortgage, stress-free, anxiety-free and hassle free.