Life insurance are the only policies which do not cover the insured, but his/her family. The police pays out the insurance amount in the event of death of the insured. The policy premiums are usually collected monthly and the price depends on factors like: age, general health, history of diseases, habits (smoking, drinking etc), hobbies (i.e. sky diving) etc. If the premiums stop the policy is automatically cancelled and has no value whatsoever.
Home First UK will give you free quotation and will charge no fee upon purchase.