Term Life Insurance
Term life insurance is the most common form of life insurance policy. It pays a lump sum to a nominated beneficiary in the event of death or terminal illness of the insured.
Term life insurance is necessary to ensure that in the event of death sufficient funds are available to support your family and to ensure a desired standard of living can be maintained.
Your sum insured should be adequate to cover outstanding debts and provide an adequate lump sum to cover your dependants’ income needs for the remainder of their lives. Over time as one moves from building wealth to maintaining wealth, the required level of insurance cover decreases.
If you would like more information please contact us.