Questions to ask before taking out life policy

Life insurance is an important financial product that provides security for your loved ones in the event of your passing.

- John Manyike

It can cover your debts and make provision for expenses such as running your home and paying your children's school fees.

However, the fine print and the terms and conditions of life insurance can be overwhelming if you do not know what to ask your insurer or your broker.

Before committing to a policy, it is essential to ask the right questions, says John Manyike, head of financial education at Old Mutual.

"Taking out a life insurance policy is an important financial decision that requires careful consideration," he says.

"By asking these essential questions, you can better understand your options and choose a policy that provides the security your loved ones deserve.