Life Insurance is not an easy subject to talk about; however, having access to relevant information and knowing what your options are can make all the difference. In today's market there is full spectrum of life insurance options that will provide financial security at every stage of life.
Life Insurance provides a lump sum payment to your beneficiary should you die within the term of the policy. Many plans offer Terminal Illness Benefit that will payout when the insured is diagnosed with a terminal disease with survival period of 12 months or less.
The premiums for a Life Insurance policy can be either guaranteed or reviewable. Plans with guaranteed premiums can have higher initial cost than plans with reviewable premiums; however, they are guaranteed to stay fixed. Plans with reviewable premiums are more affordable at time of purchase; on a down side, the rates can increase following the review.
Life Insurance plans allow for additional benefits to be added to the policy. Critical Illness Cover is an optional benefit that can provide an extra layer of protection to a Life Insurance plan. This cover will provide financial assistance if you are diagnosed with a Critical Illness specified in your policy. For more information please CLICK HERE.