One of the most important insurance covers you can have is a life insurance cover with a reliable underwriter.
Life cover can be set up in many different ways depending on the needs of the individual.
Whole Life
Whole life as it suggest, is a cover that you take for life. Here premiums are paid through out your life. The value accumulated over the policy period is paid to the beneficiary. It is the most expensive way to insure one's life, but the only cover that will guarantee a payout during one's lifetime, provided premiums are paid on time and all other policy conditions are adhered to.
Term Covers
This type of cover runs for a given period of time. It can be effected to cover a mortgage, a business loan, or the time you have high ongoing expenses, such as during the education years.
Term insurance is a very cost effective way of effecting a high cover at an affordable premium. However you must be aware of some of the limitations of a term policy.
Personal accident
This is similar to a health cover but with emphasis on accident related medical cases. This is for people who are looking to ensure that they are covered, while in accident prune areas e.g. construction sites.
Group personal Accident
This is similar to personal accident cover, but here people are covered as a group. The premiums tend to be lower as the numbers of clients are many.
We can talk you through the pros and cons of the various types of policy. Please contact us for more information on the above services.
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