I don't really get this life insurance thing.

For years ive been watching adverts on t.v. that offer you life insurance that pay's your money back if you don't die.

Everywhere I look on the internet it seems like i lose that money.

HELP i need to know what is what and which should i buy

Jane

Life insurance is there for the people you leave behind. Ive got it but Ive got a missus and 2 kids!

Ok,

What you are talking about is the difference between life insurance and life assurance.

Life Insurance will not pay you any money back because it has no investment element to it.

A life assurance policy is part insurance part investment policy.

Life assurance policies typically cost more money for the same amount of cover. On the flip side you are guaranteed to get money at the end of the policies term ( you may also elect to have no end date on the policy and keep paying till death ).

Hope this helps,

BB