Life insurance is a grudge purchase. You may never see the benefit if you are fortunate enough to never be disabled or die before retirement.
The real benefit, however, is peace of mind that the cover is there if you or your family need it.
Ensuring that you have total peace of mind means entering into a solid contract with your life insurer. And that means understanding that your policy is underwritten and based on your risk.
To properly assess your risk, the insurer relies on your honestly. Watch this video to get a quick understanding of underwriting and why you should not be economical with the truth when you take out insurance.
