Life Assurance ensures that your family and loved ones are protected against financial disaster in the event of a premature death, if combined with additional (rider) benefits you can also receive cash if you are unable to work through long term illness and if you contract a critical illness. Each of these is discussed in detail below.

Combined with investments, retirement and estate planning, life insurance is a fundamental part of a sound financial plan. With our help, you can develop a complete plan that will protect you and your family against unforeseen events, safe in the knowledge that future financial objectives can still be achieved.

 

Life cover protection policy’s pay a lump sum in the event of the life assured’s premature death. The main reason why people purchase life cover is to ensure that their loved ones continue in the lifestyle that they have become accustomed to and not to have to worry where the next dollar is coming from.

Life insurance provides protection for families or even for businesses. What would happen to your business if a key person were to die? What would happen to your ongoing projects? How long would it take to replace this person? All these situations have to be taken into consideration. If an unforeseen event does occur, then your family would want to know that they are at least provided for.

If anything happened to you, would your loved ones have enough money to maintain their standard of living? The answer is probably 'No' since most of us work for income to pay life’s expenses as they occur and only after several years can cash be salted away for future expenses like education and retirement needs. If you die before this accumulation of wealth what happens? Protecting yourself with life insurance could be one of the most important decisions you take, it will give you peace of mind knowing you have protection in place for the people you love.

 

 

 FAQ

Why should I have Life Insurance?
After your death, the lump sum that is paid out will ensure that your surviving family has enough money to enable them to live a comfortable life.

 

What types of life cover protection are available?
Level Term and Whole of Life are the two main types of life cover and these can be combined with additional benefits including PHI Permanent Health Insurance, C.I critical Illness, and Waiver of Premium

What is level term assurance?
Level term assurance is a fixed term policy, meaning that the assurance will last for a certain period of time. The policy will pay out a guaranteed sum assured that will be paid only on death during the fixed term. Should the person assured survive, there will be no benefit

What is whole life insurance?
Whole life insurance is a policy that will pay out on death at any time of the person whose life is assured, as long as the whole life insurance policy is still in force. You will be expected to pay premiums on the whole life throughout your life or until the person whose life is assured reaches a certain age, when premiums could stop, but cover continues. We offer a fast track solution whereby you can invest during the peak earning years and retain the benefits for the later years.

How much life cover do I need?
You can choose the level of your premium or cover. Most people opt to cover the cost of their outstanding liabilities, including potential future education fees. Plus an amount that will produce an income for your dependants,

 

How long will I need Cover?
Your policy should last at least as long as your mortgage or until your dependents would be expected to be no longer dependent on you. 20-25 years is about right for most people or until your savings can provide for you and your partner.

 

On what basis can a plan be taken out?
The contract can be made on Single life, First life or Joint life basis.

How much will my life cover cost?
The amount of the premiums will depend on certain factors, such as age, whether or not you smoke, family history, and the level of life insurance cover required

What is my commitment?
You must invest either regularly or by way of a lump sum payment, you should view your contract as being for the medium to long.