Life insurance, also known as term insurance or life assurance will provide a lump sum of money in the event of death during the term of the policy which can help minimise the financial impact on your loved ones. This cash lump sum is paid tax free and can be used by your dependents however they choose.
Life insurance can be used to cover a mortgage, other loans, school fees or to ensure that your family is protected and can maintain their living standards if you were to pass away.
*The plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Life insurance can be used to cover a mortgage, other loans, school fees or to ensure that your family is protected and can maintain their living standards if you were to pass away.
*The plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse.