Finding the Right Insurance Policy
Lump sum to cover a mortgage balance if you die or are diagnosed as terminally ill.
Decreasing Term
- Designed to protect a repayment mortgage
- Covers the outstanding balance upon your mortgage
- Can take it out on your own or jointly
- Sometimes known as Mortgage Life Insurance
Lump sum paid to loved ones if you die or are diagnosed as terminally ill.
Level Term
- Designed to provide financial security for your loved ones
- A set amount of cash payable tax-free for the life of the plan
- Can be used for living costs, covering mortgage, children's education and more
- Can take it out on your own or jointly
- Sometimes known as Term Assurance or simply Term Insurance
