considerations for life asurance

snowmen

just wondered what considerations we would need to make when looking at life assurance.
We had decreasing term assurance running with our mortgage but the mortgage has been payed off now so this will be cancelled.
We have children.

Thanks.

dunstonh

You ascertain your financial needs and then arrange the right plans to meet the required needs (often this means multiple plans or segments). You may have needs that require decreasing term assurance, level term assurance, family income benefit or whole of life assurance (the other 10 or so different types of life cover are far less common nowadays).