A Life Insurance or a Life Cover is simply a financial security given to your loved ones after you are gone.  But to be able to avail of this, you have to pay for a monthly premium so that when the unexpected happens, your loved ones can get death benefits which they can use to pay for outstanding mortgage, tuition for college, the funeral expenses, medical bills and even for their living expenses.  This way, you are assured that your family is secured financially using this life insurance policy if ever the time comes that they have to make it on their own.

Among the different types of life insurance cover are accidental cover, critical cover and Mortgage Cover.

The earliest form of life insurance ever recorded is that of the ancient Rome where burial clubs pool money from the poor to pay for their member's funerals.  Starting in the middle ages, life insurance has become dominated by some religious organization, fraternal organization, mutual life insurance companies, and labor guilds.  They are similar to credit unions in which the members owned and share for the profits.  And in the 17th century, Edmond Halley came up with the real calculations that propose higher premium for higher risk.