Life Insurance

Life Insurance is the cornerstone of financial security, protecting the insured’s family and dependants from financial loss arising from his or her death. Reasons for personal life insurance may include:

• to protect the family from financial hardship if the primary income earner should die
• to provide financial security and pay off debts and liabilties, for example a home loan
• to provide for children’s education in the event of a parent(s)’ death
• to replace lost income

Term Life Insurance

Provides a lump sum payment to a beneficiary in the event of your death. It could include special features, such as:

• a special event benefit that enables the insured to increase cover upon taking up a new mortgage or increasing an existing one; or on the birth or adoption of a child;
• funeral or bereavement support could provide for immediate payment of a portion of the lump sum in the event of a claim;
• insurance for children;
• or life cover that does not exclude death caused by war or riot.

Family Protection

provides a monthly income, instead of a lump sum payment, to the insured’s family in the event of your death. Monthly payments continue for a pre-determined period of time. Accidental Death Cover – a life insurance benefit that pays a lump sum if death is accidental. This benefit should only be used in special circumstances where normal Life Cover can not be considered. Total Permanent Disablement (TPD) – provides a lump sum payment in the event of total and permanent disablement caused by accident or illness. Generally combined with a life cover or other insurance covers.