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WebWhen taking out a life insurance policy, you’ll want to consider the following: Cover amount The income your family or dependants will need to cover living costs without your contribution – mortgage or rent, debts, childcare, education and funeral costs. Length of policy Think about your circumstances and how they might change with time. WebAlways remember that your life insurance policy could last for 10, 20, 30 or even 40 years, and so a saving of even a few pence a month could add up to a significant amount over the entire term. For example, if you save yourself 85p a month on a 30-year term insurance policy, that’s a saving of more than £300 over the lifetime of your protection. WebYou may want to cancel an insurance policy if you have just bought it and have changed your mind. By law, you have a minimum 14-day cooling-off period during which you can … trackless train indianapolis