Life insurance (also known as life assurance or term assurance) is a great way
to help protect your family from the financial worries they could face if you
were no longer around, such as household bills, child-care costs, university
fees and covering mortgage payments.
So what is life insurance? In a
nutshell, life insurance is a
contract between you and an
insurer. It could pay out a cash
sum if you die during the length
of the policy.
What types of life insurance are
available? There are different
types available to suit
- Level Term Assurance to help protect your family financially.
- Mortgage Term Assurance specifically designed to help pay off the mortgage.
There is also an option to add Seroius Illness/ Critical Illness Cover for an extra cost when you take out life insurance. It's designed to pay out if you're diagnosed with one of the specified critical illnesses during the length of the policy.
You decide what type of life insurance best suits your needs, how much you want and how long you need it for. For example, if you want your loved ones to be able to pay off the mortgage, think about the size of your mortgage and the number of years left to pay
When it comes to protecting your future, as well as the future of your family, you deserve a life insurance policy that makes you feel confident. At Viaduct , we strive to provide you with life insurance protection that gives you a sense of security.
Term Life Cover provides your estate and your dependants with a tax-free lump sum in the event of your death.
This is often essential as it can fill the financial void left as a result of death, and assist family or dependents in coping in the immediate future.