Life Insurance
Life cover pays a lump sum to your family if you pass away during the policy term, so the mortgage, school fees, and everyday costs are still taken care of.
If your income stopped tomorrow, how long could your family keep their home and their plans?
Life insurance replaces the financial support you provide. The benefit is paid to the beneficiaries you name, and they decide how to use it: clearing a home loan, covering living costs while they adjust, or funding a child's education.
The right amount depends on your debts, your family's running costs, and how many years of support you want to secure. We work through those numbers with you before recommending a sum insured and a policy term.
Term, whole of life, or savings-linked?
Each plan type balances cost, duration, and long-term value differently. This comparison shows where each one fits.
| Plan type | How long it lasts | What it pays | Best suited to |
|---|---|---|---|
| Term life | A fixed period, for example 10, 20, or 25 years | The sum insured if you die within the term; nothing if you outlive it | Covering a mortgage or the years your children depend on you, at the lowest premium |
| Decreasing term | A fixed period, with cover reducing over time | A benefit that falls in line with an outstanding loan | Protecting a repayment home loan or business loan |
| Whole of life | For the rest of your life, as long as premiums are paid | A guaranteed benefit whenever death occurs | Leaving an inheritance or funding estate costs |
| Savings-linked (endowment) | A fixed term with a maturity date | A death benefit during the term, or a maturity value if you survive it | Combining protection with disciplined long-term saving |
Benefits, exclusions, and surrender values differ between insurers and plans. Your policy schedule and wording always set the final terms.
Extend your cover with riders.
Riders are add-ons attached to a life policy for an additional premium. They pay out in situations other than death.
Critical illness
Pays a lump sum on diagnosis of a listed serious illness, such as cancer, heart attack, or stroke, to cover treatment and time off work.
Permanent disability
Pays the benefit if an illness or injury leaves you permanently unable to work, as defined in the policy.
Accidental death
Adds an extra benefit, often equal to the sum insured, if death results from an accident.
Waiver of premium
Keeps your policy in force without further premiums if you become unable to work for a long period.
What shapes the price of your cover.
Insurers price life cover on the likelihood of a claim during the term. These are the main factors they assess.
Age and policy term
Cover started younger, and for a shorter term, generally costs less because the risk of a claim is lower.
Health and medical history
Existing conditions, family history, and the results of any medical examination are taken into account.
Lifestyle
Smoking status, alcohol use, and body mass index have a direct effect on the premium.
Occupation and activities
Hazardous work or pastimes such as diving or motor sports may attract an additional premium or exclusion.
Sum insured and riders
A higher benefit and more riders increase the premium, so we size cover to your real needs.
How much life cover do I need?
A common starting point is your outstanding debts plus several years of your family's living costs and any future commitments such as school fees. We calculate a figure with you based on your actual budget.
Will I need a medical examination?
It depends on your age and the sum insured. Smaller amounts may be issued on a health questionnaire alone; larger amounts usually require a medical report and tests.
Who receives the payout?
The beneficiaries you nominate on the policy. You can usually name more than one person and set the share each receives. Keep nominations up to date after life events such as marriage or the birth of a child.
What is not covered?
Typical exclusions include suicide within an initial period, death resulting from undisclosed medical conditions, and certain hazardous activities. Full exclusions are listed in the policy wording.
Can a life policy be assigned to my bank?
Yes. Lenders often ask for a life policy to be assigned to them as security for a home or business loan, so the loan is repaid if the borrower dies.
Need protection for your future?
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