Life insurance used to be a complicated affair and has only recently been offered direct to the public without the assistance of a broker. While brokers are helpful to assist clients as to how much life cover they need, there are ways that insureds can calculate this for themselves. Before you do this, decide what type of life insurance you will need.
There are three general categories of life insurance, namely whole life insurance, term life insurance and accident cover. Within each category are various types of life insurance, such as credit life insurance and universal life insurance. It