Life Insurance

Protecting what’s important ... allow us to independently source the best policy for you

COMPARE FAMILY PROTECTION QUOTES

What is family protection insurance?

Life insurance – also known as family protection insurance – is a type of insurance which is designed to protect your family from the worst should you pass away. Money can’t stop grief, but it can remove additional financial stress at a tragic time in your family’s life.

Family protection insurance is a life insurance which pays out a lump sum or specified income on the death of the policy holder. This gives a financial buffer to your family members, giving you the peace of mind that they are free from financial strain. A family protection policy could pay for school fees, or pay off a mortgage.

You might feel the added need to take out life insurance when you buy a home, become a parent or become a grandparent. Losing someone close to you can also act as a wake up call to remind you to invest in family protection insurance.


How much cover do I need?

The amount of cover you need will depend on:

  • How much you can afford
  • Whether you have any other cover (such as a policy from your employer)
  • The number of people relying on you for financial support
  • The size of your mortgage

How much does a life insurance policy cost?

Insurers have to allow for a number of risks when setting the cost of a policy, including;

  • The age of the policy holder
  • Any poor health
  • A dangerous job
  • Any dangerous hobbies

These factors can increase the risk for an insurer and therefore will increase the cost of the premium.


What types of family protection insurance are there?

  • Whole of life assurance –   this pays out with no set period to when you might die
  • Term insurance – only pays out if you die within a set period
  • Terminal illness – to claim if you have a fatal illness
  • Joint life insurance – this can be cheaper and is convenient, but it only pays out on the first death
  • Waiver of premium – cover for when you are unable to pay your life insurance premiums because of illness or injury
  • Critical illness – you get a lump sum if you get one of the serious illnesses that the policy lists

 

Other health insurance information:

What is Comprehensive Sickness Insurance?


If you’re interested in Life Insurance, please fill in the form below with your contact details and we’ll get back to you as soon as we can.

  • This field is for validation purposes and should be left unchanged.