Key facts about Term Insurance:

• you choose a policy for a term of typically between 3 and 50 years



• if you die during the term of the policy, a lump sum (the sum assured) will be paid



• if you live beyond the term of the policy, your policy expires and no payment will be made by the policy



• you can choose a policy to cover a single life or two lives (a joint life policy)



• the amount of your premiums is based upon such things as your age, the amount you want to be insured for, the length of the term and whether you smoke or not



• accurate and complete application forms are essential to ensure a policy will pay out.

We will discuss and advise you of the type of policy that best meets your needs when we call to discuss your quote.  The two most popular type of term insurance are:

• Level Term Insurance is Term Insurance where the amount of benefit payable stays the same for the duration of the policy

• Decreasing Term Insurance means the sum assured decreases over time; hence, the premiums are set lower. This can been used to cover repayment mortgages.

No clearer? Then please give us a call (see Contact Us).

This information is of general nature only.  Terms and conditions of each policy will apply.