Protection for your family - Peace of mind for you.
Whether you’re a first-time mum or dad, or you already have a brood – you’ll know that caring for and protecting your children is top priority. What would happen if, for some reason, you couldn’t provide for your family? A life insurance plan can be used to safeguard your family from the financial hardship that comes with unexpected illness or death. With a Term Protection plan, you can set up this insurance to cover a specified period of time for the cover, when you feel your family are most dependent on you.
What is Term Life Insurance?
Term life insurance or ‘term protection’ is over an agreed term. If you die or become ill during this term, your family will be provided for financially. It can give great peace of mind to have this cover for your key working years, when you may have dependents who rely on your income. The premium is also guaranteed never to increase.
A term life insurance plan is designed to protect your family financially if you die or become seriously ill during that period. You will pay a set amount on a regular basis towards the policy (usually by direct debit) for a set period of time. If you die or become ill during the term chosen the policy will pay out so that your dependents are cared for financially.
Who is Term Protection for?
This plan will be suitable for people who want to protect their family if they die, or become seriously ill. It will appeal to people who wish to have cover for a specific period of time of their choosing. You must be aged between 18 and 75 to take up this kind of life insurance.