TXT-a-Quote Form: Life Insurance
Submit the form below and you'll get a text message soon with a quote for the premium you can expect to pay for your life insurance cover.
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Look after your family and loved ones...
A general Life Insurance policy will pay a lump sum upon death. The purpose of the cover is to financially look after family and loved ones after you die.
Premiums can be paid monthly or annually. The amount of the premium depends on your level of cover and such things as age, sex, and health risks (e.g. smoking).
The most common extra (or variation) to general life insurance is Terminal Illness cover. This may involve payment of up to 100% of the life insurance cover in advance of death, if you become terminally ill and are not expected to live longer than 12 months.
How much Cover should you have?
Its up to you! What you want to protect depends on the lifestyle you currently have. A lump sum will help family pay home loans or mortgages, childcare and/or children’s education, etc.
Other terminology
Premium options : Companies can offer a variety of schemes to assess your premiums. I recommend a level or fixed premium, which has the advantage of knowing your costs throughout the term of the policy.
Premium Refunds : Allows the insuree to claim some of their premiums back after reaching a certain age, which is like getting a refund for being 80.
Business Cover options : Allows businesses to link life insurance cover with changing business needs.
Linked Cover options : Most, if not all, companies have schemes whereby you gain advantages if you link or sign up for a package of policies. For example, if you have life insurance and disability cover; or, life insurance, car insurance and income protection insurance, etc.
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