Life Insurance
Life Insurance can give you peace of mind knowing that your family and loved ones will be taken care of if you are no longer around. It can also help you through major life events such as your spouse or partner passing away.
Life Insurance protects your family’s financial security should the worst happen to you, with a lump sum payment.
This payment can be used to help cover mortgage payments, school fees, bills, groceries and other living expenses.
Choosing your level of cover
When you apply for Life Insurance, you can choose how much you would like to be covered for, based on your personal and family requirements.
In return for cover, you pay a regular premium, which will vary based on the type of cover you choose, the amount you choose to be covered for, your age, medical history and lifestyle factors, such as whether you smoke. Generally, the higher the amount of cover you have and the older you are, the higher your premium will be.
When you should consider Life Insurance
Major life events are a good time to consider whether you and your family are adequately protected. They can include:
- Getting married or divorced
- Starting a family or the birth of a child
- Buying a home or increasing an existing mortgage
- When your salary increases or change jobs
The benefits
Death cover
Pays a lump sum to your beneficiaries if you die.
Range of cover options
A range of cover levels to suit your needs, lifestyle and budget.
Terminal illness payment
Payment if you are diagnosed with a terminal illness from the moment you are diagnosed.
Advance claim payment
Your loved ones can receive a payment straight away to cover costs such as funeral expenses.
HOW TO GET LIFE INSURANCE
Contact your financial adviser today for more information.
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