Types of life assurance

There are a wide variety of life insurance/ life assurance services currently available today, sure to cater for your needs and requirements.

The most well known type of life insurance is term assurance , which is the cheapest and simplest form of life assurance available.

Term Assurance is commonly used for protection of your family, wherein for a fixed monthly payment, the amount of life cover is guaranteed for a fixed term. If you die during the plan term, then the policy produces a tax-free lump sum for your dependants.

Another form of life insurance is family income benefit insurance , which is commonly used for family protection. Unlike a term insurance policy that will provide a lump sum,this policy produces a regular tax-free income for your dependants for the duration of the term.

Life Insurance is very flexible and can be combined with other forms of insurance, such as Critical Illness . Critical illness insurance provides the policyholder with a lump sum in the event of them being diagnosed with a serious illness.

With a wide variety of life assurance policies available, it makes sense to ensure that your family receives peace of mind and financial security should the worst happen.