It depends what you’re looking for. Life insurance can provide security for those who lose someone earlier than expected.
The pay-out can then cover a mortgage or other debts, to secure the futures of those left behind. Life assurance is a guaranteed pay-out upon death, but the premiums tend to be higher.
Having that lump sum secured is attractive for some, but it depends if you will really need it, when the time comes. If you live long enough to cover those payments yourself, you may find you no longer need cover, but have been paying higher premiums with a life assurance policy for years.
On the other hand, if you want to leave the people you love a guaranteed inheritance, life assurance may be worthwhile.
Unlike many other types of insurance, life cover is very much a personal and emotive choice that can have a major impact on both you and the people you love. Ultimately, you’ll want to make a decision that financially benefits the people you leave behind. It could help to talk to a financial expert who can take you through your options.