- Lump Sum Payment
- Worldwide cover
- No Expiry Age
A plan that takes care of your loved ones when life doesn't go to plan.
Life Insurance pays a lump sum (or a fixed monthly amount) if you die as a result of either accident or illness, or upon diagnosis of terminal illness likely to result in death within 12 months. Having Life Cover in place will ensure that your debt and funeral costs are covered so that your family or your business are able to carry-on after your death. Life Insurance helps you minimise the financial impact of death or terminal illness for you and your family, and gives you peace of mind that you can provide security for a wide range of financial commitments.
Types of life insurance:
Lump Sum – can be used to settle debts, pay for final expenses, create an investment fund to generate ongoing income, enable business ownership to be restructured, or provide an inheritance or donation, amongst other things.
Monthly Payment – Designed to minimise impact on the lifestyle of your family after your death through a monthly payment.
Can I fix my life insurance premiums ?
Yes you can.
There are several options available, with different premium structures including:
Yearly Stepped- Your premium are based on your current age and sum insured. They start out relatively low, but will increase each year with age.
Level Term- Premiums are fixed for the life of the policy. At the start they will be more expensive compared to yearly stepped. But in the end you may be better off as yearly stepped premiums keep increasing.