Life Insurance

Single Cover– Only one person is covered under the policy. If this person dies within the term of the policy – The cover amount will be paid to the policy holders estate or lender

Dual Cover– Both people are covered equally under this policy and is a popular choice as it comes at no extra cost compared to Joint Cover. It pays out on the first death and second death.

Joint Cover– Two people are covered under the one policy. But only pays out on one death. For example “Joint Life, First death” will pay out when the first person dies, and nothing when the second person dies.

If you require the policy for family protection, then you should have cover until your youngest child is expected to be independent. With children going to university, this can often mean a term of 25 years.

• In the event of death, a tax free lump sum of money is paid to the insured person’s estate.
• It can be a way to leave a substantial amount of money to your family on your death that will allow them to rebuild their lives after your untimely death.
• Financial obligations can be paid off in full with the Life Cover amount insured (mortgages and other loans)