Life Assurance
What Does It Cover?
Term life insurance is a straightforward and cost-effective form of life cover. It provides protection for a specified period and pays out a lump sum if the policyholder passes away during the term of the policy.
Some term life policies offer optional add-ons, such as critical illness cover. When this option is included, the policy will pay out either upon the diagnosis of a qualifying critical illness or in the event of death during the policy term—whichever occurs first.
Who Might Benefit?
This type of plan is intended for individuals seeking to provide a lump sum in the event of death within a specified time period, while keeping premiums affordable. Term assurance offers a financial safety net for loved ones and is particularly valuable for those with young children or financial dependants.
The payout can be used to cover a mortgage, personal loans, or to help ensure that family members are not burdened with debt following the loss of a primary income earner. A carefully selected policy can offer reassurance that financial commitments will be managed during a difficult time.
Your home may be repossessed if you do not keep up with payments.
We recommend choosing a plan that suits your financial comfort and long-term stability.