
Life Insurance
The greatest gift you can give to your loved ones is the gift of a secure and happy future. Life can be unpredictable, so don’t leave their future to chance. Our Life Insurance Plan offers life protection up to age 138 plus wealth accumulation, paving the way to a bright future for your loved ones and giving you greater peace of mind.

What is life insurance?
Life insurance lets you leave some financial security for your loved ones if you pass away. Your family would usually get a lump sum that can help to pay off any debts, like a mortgage, as well as giving them money to live off. If you prefer, you can arrange to provide a regular income for them instead.
Do I need life insurance?
Life insurance isn’t a legal requirement, but it can be a good idea if you have anyone that depends on you financially, like a partner or children. Life insurance can provide a financial safety net if you’re no longer around to provide for them anymore, as well as peace of mind.
If you’re looking to take out a mortgage, be aware that some mortgage providers might want you to have life insurance so they know the mortgage can be repaid if you do pass away.
How does life insurance work?
Life insurance policies usually pay out a lump sum if you pass away or are diagnosed with a terminal illness and are not expected to live longer than 12 months. When taking out life insurance, you’ll agree on the amount of cover you’d like to receive – along with the people you’d like to list as the beneficiaries. Every family is unique, but some things to think about include:
1. What your family might need
Take time to think about how much your partner and children might need, based on their living expenses as well as any outstanding debts.
2. Length of policy
When considering how long you need cover, consider how long your children might need financial support or when your partner might retire.
How much does life insurance cost?
Be mindful that many things can affect how much your life insurance costs, though, and this is the minimum you can expect to pay.

Your age
Generally speaking, the older you are, the more expensive life insurance tends to be. This is because as you get older you have a greater chance of developing health issues

The type of policy
Level term policies are usually more expensive than decreasing terms, for example, because the pay-out stays the same for the whole lifetime of your policy, as opposed to going down over time.
The amount of cover
If you take out a higher amount of cover, your monthly payments are likely to be higher. Plus, the longer your cover lasts, the more you’ll pay overall.

Your health and lifestyle
You could cut the cost of life insurance by making healthy lifestyle choices such as giving up smoking, drinking less or losing weight.

Our expert says
"Life insurance will give you and your loved ones peace of mind and financial protection. Everyone’s situations are different and the policy you go for, and level of cover you choose, will be unique to you. It’s important to get the right amount of cover - too little and your family won’t be looked after but too much means you’re paying more money than you need to be."