When it comes to life insurance, many of us are too busy getting on with our daily lives to think about taking out a life insurance policy. But as we reach our 50s, we start to look for little things that can provide added peace of mind for us and our families. A life insurance policy provides you with the reassurance that, if anything happens to you, your loved ones will have a cash sum to help with any bills or funeral costs that may arise, and can even provide them with a financial gift.

The older you are the more expensive a life insurance policy becomes, and it can also be a little trickier being accepted.