Life Insurance

The most common component of a risk insurance solution is life insurance. How it works is straight forward –  Life Cover provides a lump sum benefit payable upon your death.

The policies are generally renewable each year, meaning that the premium is calculated each year and will normally increase as you get older.  This form of insurance is rather flexible in that the sum insured can be altered to suit your financial circumstances without incurring any financial loss.

When the benefit becomes payable, it is normally paid to your dependents or your estate.  This lump sum could be used to pay back debts and/or provide a lump sum that can be drawn upon to create income, and so help your family maintain their current lifestyle.  In addition, it will help you keep your families plans on track and pass on an investment asset to your family.