In general, the more protection your life insurance policy offers, the higher your premiums.
If you’re looking to cover your mortgage, working out how much cover you need should be straightforward. Use our life insurance calculator to figure this out.
If you want to provide your family with a regular income after your death, you should look at your current outgoings and think about possible future costs to work out an accurate figure.
If you’re over 50 and your main concern is leaving an inheritance, or helping your family cover funeral costs, the cover may depend more on what you can afford to pay in premiums.