Protection
Here To Help
When considering life cover, you should identify if there is anyone who would be financially affected if you should die, become ill or unable to work.
Why you need this cover and the types:
Mortgage Protection
Most home loans require mandatory life cover. This means if you die during the term of the mortgage, an insurance policy, is payable and repays your mortgage, ensuring you need not worry about the repayments.
- Life cover reduces in line with your mortgage and ceases when you mortgage does. This is the cheapest of the types of life cover available.
- Premiums depend on age, health status, occupation, smoking habits and can vary from one insurance company to another.
Income Protection
Protecting yourself in the event that you are unable to work to due to an illness or injury, this cover will pay you a specified amount of monies until either you can resume employment, or you retire. There are several different options to avail of under this product.