Like haircuts, toilet roll and food life insurance is, for most of us anyway, one of life’s must have products. But there are many things to consider before buying what could be the most important document you ever sign in life.

Buying life insurance online? Use our life insurance check-list to help you decide.

View our insurance check-list below on what to look for.

Life Insurance Check-List - Shop Around: Mortgage lenders will try to push their life insurance policies onto you, however, this is not always the cheapest option – shop around before you commit.

Life Insurance Check-List - Tell the Truth: Don’t lie about your health or avoid mentioning habits like smoking as this could cause problems when making a claim.

Life Insurance Check-List - Cover Costs: If you have dependants make sure that you have a life insurance policy that pays out enough to support them, as well as cover your mortgage costs, should you die.

Life Insurance Check-List -Terminal Illness Benefit: This is worth having within your policy as it means that even if you are diagnosed with a terminal illness, the insurer will agree to pay out on the policy when you die.

Life Insurance Check-List - Waivers: Depending on your existing financial situation, a waiver of premium may be worth having should you become unemployed or too ill to work. It is basically a guarantee that regardless of your employment, your policy premiums will still be paid. However, it is worth noting that for this protection you will have to pay extra – typically 2% or more – on your monthly payments.

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