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My partner and I fancied saving an amount substantial enough for us to do something big with. We don't know for sure yet but in say fifteen or twenty years we may have to pay University fees, want an extension, or want a world cruise.

One way of saving that has been put to us is term life insurance. What is term life insurance. Well term life insurance is life insurance that you take out for a set term. So whatever you are insuring ,in this case lie it only runs for a set period. It often comes with a cash back after the term ends, if there have been no claims, life insurance seems a good option if you are hoping to save a little as well.

The advantage of term life insurance is that you don't feel you are saving because it is life insurance that you are paying for. Of course the amount you may save depends upon the amount you are insured for and the length of the term. Either way it can be a good option.

There are plenty of companies who will be willing to give quotes for different rates over different terms. It is well worth looking into term life insuranceas an alternative to the usual life cover.

Anyway my partner and I decided to look further into this option . We liked the option to continue payments at the end of the term to keep our lives covered.

We feel its so important to have the security of knowing that both our lives are insured . We don't want either of us to have to worry about finance when we are grieving. Furthermore if our lives change drastically we have more flexibility with term life insurance so we can choose whether to continue or discontinue it.

I'm glad my partner and I are on the same wavelength regarding life insurance . I reassures me that we both care dearly about ow, the future and what happens when one of us dies. We are united in wanting security and peace of mind. I know that if he dies before me I wont have any financial worries because one way or another we have taken care of it. If our fortunes are greater than we expected and we feel we can manage at the end of the term without any more cover then that is fine too. If they are not so great then at least we are both sure we are going to be OK.

Remember that death is the only certainty in life ,how stupid not to incorporate financial planning into it.