What Is Life Cover? Everything You Need to Know
According to the Association of British Insurers, often shortened to ABI, the insurance industry handles over 1.5 trillion pounds worth of assets. That was calculated based on data from 2016, so that value may be higher now. Many of those assets come from life cover, which is also known as life insurance. Life cover is a type of insurance that pays out upon the death of its holder. This is only a simplified definition, though. …