Term Assurance (Life Cover)

Term life assurance provides a cash lump sum for your loved ones if you die within a specified amount of time. For example, if your policy’s term is 40 years, and you die within that term, your loved ones will receive a lump sum from your insurer.

This type of insurance is commonly known as Mortgage Protection.

While you can take out the life insurance policy as an individual, there is also the option of taking out a joint policy with your partner. While two lives are covered by the policy, there is only one payout, which is generally after the first partner dies. Please be aware that you will not be able to separate the joint policy into separate polices should the relationship end. Also, with a joint policy if both partners die at the same time, there will only be one payout. 

We can arrange the policy via our qualified affiliated companies.