Life insurance, who needs it right? Well, if you’re young and single, just finished school or university and entering the job market then no, you probably don’t need it.

But, if you’re married, or have a family, then life insurance is a handy thing to have. It provides your loved ones with money or a regular income, when you can’t. And by can’t we mean when you are no longer in the land of the living.

There are all sorts of life insurance plans that you can take out. Some will pay out a “lump sum” of money when you (or the person insured) die. Other plans will provide a regular income for your family.

Yet still more will pay back your premiums if you…