Life Insurance and Mortgage Protection
These days, whether single or married, we all have financial responsibilities and it is important to ensure the financial security of your family in the event of your death.
Protection cover is all about ensuring your family can remain financially independent - if the worst should happen. Could your family maintain their current standard of living on the current widow’s pension?
Types of Life Cover Available:
- Level Term: With level term, the value of cover remains the same for the term of the cover. In the event of the policyholder’s death, the full amount that has been insured will be paid out.
- Convertible Term: This is similar to level term, but it gives the added option of continuing the policy an the end of the term - with no further medical examinations required.
- Whole of Life: This is a more flexible approach to live cover, whereby you stop paying the premium at the end of the term but the death benefit remains.