The right insurance for you depends on both your circumstances and what you would like your payout to cover.
The length (or ‘life’) of the policy might be a consideration. If you expect that your mortgage has, for example, 20 years to run, you might want a decreasing term policy that runs for this length of time.
Or you might be entering old age and want to set something aside for your children or grandchildren. In this case, you might be more tempted by an Over 50s policy rather than one with a lifespan of pre-determined length.
Your personal financial circumstances could also play a prominent role in choosing life insurance. Your employer might offer death in service, which can supplement the value of a life insurance policy. Or you might know that you are only able to responsibly commit a certain amount each month to a life policy, which can affect the size of a payout.
And you might simply know that you want a policy payout of a certain size. In this scenario, you can look at which types of policy are going to offer this and what conditions might be placed on such a policy. Remember that payouts can be subject to inheritance tax.