Life Insurance
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.