Life Cover & Serious Illness

Term Life Cover is the simplest cover of all – you pay a guaranteed fixed contribution for the term of the policy and you are covered in the event of death. A lump sum payment is then made to your dependents should death occur during the period that the cover is in force.

Serious Illness Cover can also be taken out on a similar guaranteed Term basis, to provide your family with a lump sum if you suffer one of a number of specified illnesses. Your family are free to use the money to pay off outstanding debts, supplement household income and provide for your dependents, or pay off the outstanding balance of your home loan. In most circumstances, payments are made by the life company tax free to beneficiaries.

Other options can be added to these plans to increase the cover and flexibility of the benefits provided by the plan, your adviser will recommend what best suits your situation.