Enter the amount of cover you need to get started. If you are unsure, input four times your salary.
What is Life Insurance?
Life insurance pays out either a lump sum or an income in the event of your death. Life insurance is purchased by individuals who want their family to receive a lump sum of money if they die prematurely. The money can be used to ease the financial burden on a family after bereavement.
Benefits of Life Insurance
- In the event of death, a tax free lump sum of money is paid to the insured person’s estate.
- It can be a way to leave a substantial amount of money to your family on your death that will allow them to rebuild their lives after your untimely death.
- Financial obligations can be paid off in full with the Life Cover amount insured (mortgages and other loans)
- The life insured can leave a strong legacy behind, even if he/she owns very little or has limited savings.
- The premiums are relatively cheap in comparison to other types of Cover such as Serious illness or Income Protection.
- The premium can be made to fit the clients affordability.
- Both spouses can be covered on the one policy.
- There is huge flexibility with the policy in relation to price, sum insured, and the term of the policy.
- It is also a way of ensuring that any of debt does not pass onto the children or spouse if the life insured passes away prematurely.
Ultimately, the peace of mind that comes from knowing that should you die during the term of the policy.
