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Life Insurance

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In the event of yours or your partners death, Life Insurance is designed to pay out a tax-free lump sum to either pay off a loan or mortgage debt or provide financial security for your family.

There are three different types of Life Insurance and these are:-

  • Decreasing term assurance which will pay off a repayment mortgage in the event of your death, ensuring you do not leave a mortgage debt for your family to pay.

  • Level term assurance which will pay off an interest only mortgage in the event of your death, ensuring you do not leave a mortgage debt for your family to pay.

  • Family Income Benefit which will provide your family a tax-free monthly income in the event of your death – to replace the income you bought to the household each month.