1. WHAT IS LIFE COVER?
Life insurance is an insurance that pays a lump sum if you die or are diagnosed with a terminal illness.
You should have Life Insurance if your family depends on you for your income as Life Insurance is designed to help your family pay costs that you would have helped with if you were still alive.
2. WHY DO I NEED LIFE COVER?
An unexpected death can have a devastating effect on those left behind.
Life Insurance is an easy and cost-effective way to provide for your family if you die or are diagnosed with a terminal illness. Once it’s in place you can have peace of mind that your family will be looked after when you have gone.
3. WHAT DO MOST PEOPLE USE LIFE COVER FOR?
Life Insurance can provide for financial needs such as:
pay for funeral expenses
pay off the mortgage or other debts
pay for education and healthcare costs for your family in the future
provide financial “breathing space” for your loved ones
4. WHAT’S NOT COVERED?
Intentional self-inflicted harm including suicide or attempted suicide within the first 13 months of the policy commencement.