Term Life Assurance
This policy is the least expensive form of protection. It offers high life assurance cover for a low premium and provides a tax-free lump sum should you die during a specified period (the term).
Objective
Provides cost-effective death benefits for a specified term or a specified need
Suitability
May be ideal if you have a need for cover over a specific time frame.
Features
- Depending on your needs, you can arrange on a level, increasing or decreasing basis.
- Premium amount is dependent on your occupation, age, cover amount and contract length.
- Requires a fixed term
- No cash surrender value
- Cannot hold investments within the policy
- Can be arranged for yourself, but may be able to include spouse/partner in the same policy.
