The purpose of life insurance is to provide a measure of financial security for your family on your premature death. As a Financial Broker, we will consider your financial situation and the standard of living you wish to maintain for your dependents or survivors. It is prudent to re-evaluate your life insurance policies when you experience a major life event such as marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or business.

Term Assurance provides an amount life cover for a specific time frame and fixed monthly cost. You can include:

• Indexation – helps maintain your life cover benefit to match inflation.
• Conversion Option – allows you to extend your life cover without additional medical evidence. This effectively gives the option of taking out another life assurance policy with no reference to health at that time.

Policies can be arranged on:

• a single life basis, i.e. insuring the life of one person
• a joint life basis, i.e. insuring the names of the persons on the policy which will only pay out in the event of one death
• a dual life basis, which will pay out on the first death and also on the death of the second life on the same policy.