Here at lowcostlifeinsurance.co.uk we pride ourselves in being able to offer you the best in low cost life insurance quotes and policies. Life insurance protects those you leave behind when you die, the beneficiary of your policy can then use the payout as they wish if you have taken out a term life insurance plan. If you have taken out a mortgage life insurance plan the beneficiary will not receive a payout but what is left of your mortgage will be paid off, if you did take out a policy that would cover more than your mortgage then the beneficiary would receive a payout. Your beneficiary will be paid their payout in one lump sum.
Your life insurance policy premiums can be paid monthly or annually depending upon which you prefer, the younger you are when you take out your policy the less your premiums will be, being a smoker will increase your premiums as will drinking large quantities of alcohol on a regular basis.