Life insurance is peace of mind. It’s a policy that 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. Or if you like, you can arrange to provide a regular income for them instead. Every family is unique, so you choose how much your policy will pay out. We’ll help you work out how much your partner and children might need, based on their living expenses as well as any outstanding debts.
Life insurance policies usually pay out a lump sum, which can be useful if you want to pay off a mortgage or other debt. But, you also have the option of paying out regular amounts over time – this can be handy if you want to leave an income for your loved ones. You make your monthly payments, and when you pass away, the people you’ve nominated (such as your family or other dependents) get the pay-out according to the plan you’ve chosen.
