Life insurance will pay out an amount of money if you die before your policy ends.
You can decide how much you would like to insure yourself for, how long you would like the policy to run for and whether you would like a policy just for one person (known as single life) or two people (known as joint life).
If you set up your policy for two people the amount you are insured for is paid out when the first person dies and the policy usually stops.
There is no cash-in value at any time.
