Life insurance is used to protect the financial security of the people you love most.

A life insurance policy pays a cash benefit, tax free, to your beneficiaries when you die. The amount of money for which you are insured and the type of insurance that would best suit you depend on your personal circumstances.

Employers commonly offer life insurance to their employees as a benefit under a group benefits package. The amount of coverage is usually limted to a multiple of the employees annual salary.  The coverage under a group insurance plan also ceases if the employee is terminated or leaves the company; however in some cases the employee is given the option to convert it to an individual insurance policy.

Personally owned insurance policies can be purchased for any amount and structured in many different ways to suit the applicant's personal needs or wishes.


Life-based contracts tend to fall into two major categories:

Protection Policies

Designed to provide a benefit in the event of specified event, typically a lump sum payment. A common form of this design is term insurance.

Investment Policies

Where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms are whole life, and universal life policies.


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