Life Insurance:
Life insurance isn't for you—it's for your family. Life insurance offers financial protection to your dependents in the event of your death.
The financial future of your loved ones can be secure with the right life insurance policy. An untimely death can leave the burden of paying numerous expenses on your family. Life insurance helps alleviate this burden by paying money directly to your beneficiaries. It can help cover your family's daily living expenses and help them maintain their standard of living. It can be used to fund child care and education and to pay off outstanding household debts, including credit cards, automobile loans, and mortgages.
Rates vary depending on the type of life insurance coverage you choose and the length of time you wish to be covered. In addition, rates are typically lower the younger and healthier you are when you purchase the policy.
What is life insurance?
- Term Life Insurance: covers for a specific amount of time –for example 15 or 20 years. These policies pay out if the person covered dies within that period of time.
- Whole Life Insurance: covers for the whole of life – these policies pay out whenever the person covered dies.
Reached a milestone? We’re on hand to help
Starting a family is an exciting time, but also one when there’s a lot more to think about. And when you reach your 50s, you might want to think about leaving something for your family when you’re gone. It pays to be prepared – and luckily we’ve got options for both scenarios.
What policies do Insuria offer?
With customized coverage, to suit any budget, Insuria offers you three main types:
- Reduce debt and other financial concerns while you cope with your illness.
- Replace any reduced or lost income for you and your spouse, who may wish to take time off work to care for you.
- Bring in additional help at home for you and your family.
- Consider new medical treatments and medications not covered by private or government health insurance plans.
— Workplace pension: Payments can be made by both you and your employer (yours coming from your salary). What you get back depends mainly on how much has been paid in and how your investments perform.
— Individual pension: You choose when to contribute, and how much to pay in. What you get back depends mainly on how much has been paid in and how your investments perform.
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