Life Cover

Insurance to care for those who matter most.

Life Cover

Why have life insurance? Who benefits from the money if I die?

If in your life now you have someone who is financially dependent on you, eg, your children, your spouse or partner, a family member, or your company.

Dying uninsured can magnify the difficulty of your unexpected death. We cannot control who or when someone dies but you can insure yourself that if it is you those who relied upon you will be financially secured by the decision you made to get life insurance.

Frequently Asked Questions:

FAQ: What is life insurance, and do I really need it?
Answer: Life insurance provides a lump sum payment to your estate if you pass away during the policy term. It helps cover financial responsibilities such as mortgage repayments, everyday expenses, and education costs for dependents. If you have a partner, children, or financial commitments that would be difficult for your family to maintain without your income, life insurance is highly recommended.

FAQ: How much life insurance cover do I need?
Answer: The amount of life cover needed varies based on your financial situation. Consider outstanding debts (e.g., mortgage), daily living costs, future education expenses, and any financial support your family would require if you were no longer there.

FAQ: What happens if I don’t claim during the policy term?
Answer: If you have a term life insurance policy and outlive the term, the policy simply ends, and no payout is made. If you want ongoing cover, you may need to take out a new policy, but this will depend on your health and age at the time. Some policies offer conversion options that allow you to extend cover without additional medical underwriting.