If you are married or have a family, life insurance can give you peace of mind that they will be looked after in the tragic event of your death. None of us like to think about it, but understanding how this type of insurance works could save you money.

Term Assurance is based on a simple concept - the insurer guarantees to pay the policy benefits if you die within a given time (eg. 25 years).

The term of the policy depends upon you and may be anything from a few years to several decades but it should coincide with your need for protection. Often, this type of policy is used to cover a mortgage. Policies may be written on your life or on the life of yourself and your partner.

Clearly, as a member of HM Forces, you need to be satisfied the insurance company you choose offers