I believe that one of the most important things our industry does, is help you protect the important people in your life
A life insurance plan helps protect your loved ones financially if you die or you get ill. Your family will get a cash lump sum they can use to cover costs such as funeral expenses, debts, bills and helping your partner and children maintain their long-term needs, without you.
If you have a partner, children or any other dependents that rely on your income, then life insurance is for you. Most people will choose to take out life cover at key life moments including having a baby, getting married or nearing retirement.
If you’re a homeowner or in the process of buying a home, it’s also a good idea to think about life insurance to cover your mortgage. This means that if you die before you’ve paid off your mortgage, then your family don’t need to worry about the monthly repayments.
Most popular types of cover
Life Cover – Pays out a cash lump sum to your family if you die.
This can be taken over a defined period of time (length of your mortgage) or for the whole of your life, so that you have lifelong cover with a guaranteed payout on death
Serious Illness Cover – Pays out a cash lump sum if you’re diagnosed with a serious illness or critical illness plan
Income Protection Cover – Pays you a monthly income if you get sick or injured and can’t work