Life Insurance

Life insurance products offer coverage up to age 90, with a maximum policy length of up to 50 years. Depending on your needs, the amount of coverage and the length of the policy can be selected. Joint lives and single life insurance coverage are available, which can be paid monthly or annually.

What is Life Insurance?

Life insurance products offer coverage up to age 90, with a maximum policy length of up to 50 years. Depending on your needs, the amount of coverage and the length of the policy can be selected. Joint lives and single life insurance coverage are available, which can be paid monthly or annually.

Life insurance is not a savings or investment product and has no cash value unless a valid claim is made.

How does life insurance work?

There are many kinds of life insurance, but they all work in a similar way. When you get life insurance, you have to give a small amount of money to the company every month. These payments are called premiums. If you pass away while your insurance is still in effect, the money from your life insurance will be given to your family. This payment is called a ‘lump sum,’ and you can decide how much money you want to pay at once.

What are the benefits of life insurance?
  • Life insurance payouts could help provide financial security for loved ones
  • It could help reduce the disruption of losing a parent or partner
  • It could help compensate for a loss of earnings for those you leave behind
  • It can be put towards unpaid debts, such as a mortgage, that fall to loved ones
  • Some policies are designed to contribute toward funeral costs
  • Some add-ons like critical illness* can help towards lost earnings
  • Most of all, it can give you peace of mind that your loved ones are looked after

What is Increasing Insurance?

Life insurance products offer cover up to age 90, with a maximum policy length of up to 50 years. Depending on your needs, the amount of cover and the length of the policy can be selected. Joint lives and single life insurance coverage is available, which can be paid monthly or annually.

Life insurance is not a savings or investment product and has no cash value unless a valid claim is made.

How does Increasing Insurance work?

As the name suggests, with traditional increasing term life cover amount insured increases each year by a fixed amount for the length of the policy. Many people who opt for increasing term insurance choose to do so because it is designed to protect your policy’s value against inflation (the rising cost of living).

What are the benefits?
  • Your potential payout keeps pace with the rising cost of living although your premiums rise during the policy term as inflation increases
  • As with level term policies, any payout could cover a wide range of living expenses
  • Peace of mind regardless of rising living costs.

What is Decreasing Life Insurance?

Decreasing life insurance solutions to protect the repayment of a mortgage.

The life insurance products we provide advice on are designed to pay out a cash sum that protects the repayment of a mortgage when the individual dies while covered by the policy.

Life insurance is not a savings or investment product and has no cash value unless a valid claim is made.

How does decreasing insurance work?

Decreasing term life insurance is aimed at individuals whose financial commitments reduce over time. The most obvious illustration is if you’re repaying a mortgage. You’ll take out a decreasing term life insurance policy for a fixed period of time, called the ‘term’. Your premiums can be either yearly or in monthly installments. The amount the life insurance policy pays out falls as the insurance term progresses, on a monthly or annually basis. It’ll be down to zero by the end of the term. Which means in the event that you were to die close the starting of the term, your loved ones would receive more money than if you died closer to the end of the term.

What are the benefits?
  • Cheaper to buy: Monthly premiums are often lower than with other types of life cover.
  • Protect your mortgage: Decreasing term life insurance is a popular type of life policy with people who have a repayment mortgage. 
  • Protect your family
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