Everyone should have savings for a rainy day. Here are our 5 tips
Life insurance is difficult for many people to talk about for several reasons. Firstly, it usually assumes a very unpleasant state of affairs â that you have passed away, which is something no one wants to think about. Secondly, it is full of unfamiliar terms and difficult-to-understand concepts. Even understanding what types of life insurance exists can be difficult. There are, however, only two types of Life Insurance, being Term Assurance and Whole of Life Insurance. Each of these, in turn, has policy variants which further hinder our understanding of Life insurance.