I am trying to setup some life insurance and are stumped on a couple of questions which I cannot find the answers to anywhere, I may be being incredibly thick!
Length of term in years; What does this actually mean? I notice that the more years I put, the higher it is, does this mean I pay the one lump sum/12 monthly payments and it will then cover me for say 30 years? Or I pay monthly for the next thirty years? And if the second result is correct why would I not just renew yearly like every other insurance policy? What would people recommend for putting in year wise please? (Im 27 if this helps)