What is life assurance?
The simplest form of life assurance is a policy that pays out a lump sum if the policyholder dies. This usually ensures your family and any dependents will have some financial support.
Find out more about other types of life assurance cover.
Additional benefits
Critical Illness Benefit
In addition to protecting against death, some term assurance policies can also offer Critical Illness benefit which will pay out either upon death or earlier diagnosis of a serious illness, such as some forms of cancer, heart attack, stroke and total and permanent disability.
Waiver of Premium
Waiver of Premium is an optional benefit, which undertakes to pay the premiums on behalf of the policyholder in the event that they are unable to work for a period of 6 months or more.
Premiums are paid until the policyholder is able to return to work. Opting to take this benefit will mean you pay slightly more for your life assurance premium.
Do I need life assurance?
If you have any dependents, life assurance should be an important part of your financial planning. However if you don’t have any dependents it’s probably not worth paying for.
Request a life assurance quote.