Coverage needs are minimal if no one depends on your income. However, small policies covering funeral costs and debts prevent burdens on family. Life insurance becomes essential when dependents or significant debts exist.

Yes, though premiums may be higher depending on condition severity. Many conditions are insurable with specialist insurers. Full disclosure is essential for valid policies.

Term policies typically lapse with no payout or refund. Whole-of-life policies may have surrender values after several years. Some policies offer premium holidays or reduced paid-up options.

Some policies include guaranteed insurability options allowing increases without further medical underwriting. Otherwise, new applications requiring fresh underwriting are necessary.

Life insurance payouts are typically tax-free to beneficiaries. However, without trust arrangements, payouts form part of your estate and may be subject to inheritance tax if estate exceeds allowances.

Straightforward claims typically complete within 2-6 weeks. Complex cases or missing documentation may take longer. Policies written in trust often pay faster by avoiding probate.

Joint first-death policies cost less but pay only once, leaving survivor uninsured. Separate policies cost more but provide ongoing protection for survivor. We help couples evaluate which suits their circumstances.