Life insurance pays a lump sum and/or a monthly benefit for a predetermined period in the event of your death. If you are diagnosed as terminally ill and are likely to die within 12 months, you can apply for early payment of the sum insured.
Every day you face a wide range of risks to your personal wellbeing and lifestyle. Life Assurance helps you minimise the financial impact of death or terminal illness.
Life Assurance is designed to provide security for a wide range of financial commitments by paying a lump sum on your death. This essential form of protection is used for a variety of purposes:
- Mortgage commitments
- Personal debt, such as loans or credit cards
- Security for business obligations
- Provide a lump sum to fund your family’s future lifestyle in the event of your death.
If you have debts which you would like paid on your death, or want to create a capital lump sum that your family can draw upon to meet their needs, then life assurance is an essential part of your financial planning.
Terminal Illness Benefit
If you are diagnosed as terminally ill, and likely to die within 12 months, you can apply for early payment of the sum insured.
“Life insurance: who’d have known it could ever be that easy?”