Life insurance policy wording explains what is covered, when a claim may be paid and which exclusions or conditions apply. Check the definitions section carefully, along with premium requirements, waiting periods, exclusions, policy term and whether the cover is level, decreasing or reviewable. It should also explain how to make a claim and who receives the payout, such as named beneficiaries or trustees. If any wording is unclear, ask the insurer or an FCA-authorised adviser to explain it before relying on the policy.