Life insurance is a financial protection policy that pays out a lump sum of money to your loved ones if you were to pass away. It can be a crucial safety net for parents or anyone who wants to make sure that their loved ones can pay off their mortgage, clear outstanding debts, pay the bills or even leave some money behind as a gift. Life insurance is typically paid for in monthly instalments, known as premiums. There are many different policy types you can opt for. This guide will explain all of the various options and some things you may want to consider when comparing cheap life insurance quotes from leading UK providers.