Life Cover

Life cover is just that, it pays out a lump sum should the insured person die during the policy term.

Life cover can be arranged in a variety of ways, depending on the type of cover being arranged.

Whereas Life Insurance is designed to pay out a lump sum in the event of death, Family Income Benefit pays a regular monthly amount to replace the income lost in the event the insured person should die.

Whole-of-life insurance is a type of life insurance policy which ensures that, no matter when you die, your loved ones will receive a lump sum payout from your insurer. This is in contrast to term life insurance, which only guarantees that there will be a payout should you die within the specified term of the policy.