Protection for you and your Family

There are three main types of protection:

Term Assurance
This is the most common form of protection. It pays out a Lump sum if you die at any time throughout the term of the policy.

Family Income Assurance/Protection
This scheme provides an income for your dependents rather than paying them a lump sum, were you to die during the term of the policy. Please note that the income is only paid for the remaining period of the policy term. Therefore you will need to make additional arrangements to provide an ongoing income after the policy expires.

Whole-of-Life Assurance
This type of policy is designed to pay out at the time you die whenever that should be. As long as you maintain the policy there is a guarantee that, on your eventual death, the sum assured (level of Life Assurance cover) will be paid to your Estate. Some policies require premiums to be paid right up until the point of death while others have a maximum period for which premiums are payable. Where this is the case premiums are normally payable up to age 80 or perhaps age 85.