Life Cover is designed to pay a lump sum on your premature death.
This lump sum can help reduce or pay off debt, pay for final expenses like your funeral and other legal expenses, create an investment fund to generate ongoing income for your dependants, enable business ownership to be restructured, provide an inheritance or even provide an amount for donation.
The purpose of the funds is entirely yours to decide.
In the end how much do you need?
Private medical cover provides the funding to enable you to have private treatment whenever you require more immediate access or a broader range of treatment options than are available to you through the public health system.
New treatments are becoming available on a regular basis, many are not available through the public system as they are not funded.
This cover gives you the choice to choose the treatments most appropriate to your needs.
Life Income Cover
This policy provides for a monthly sum to be paid to the beneficiary of a life insurance policy over a specified time frame rather than paid out in a lump sum.
Accidental Death Insurance
This benefit provides a lump sum payment to the beneficiary in the event of death by accident. This is rarely sold as one must die solely and directly as a result of an accident for the policy to respond.
This type of policy does have a place and is mostly used if a person is unable to get full life insurance.
Funeral cover pays out if you pass away and is designed to pay for your funeral expenses.