Term Life insurance premiums are generally paid monthly or annually, in return for a guaranteed lump sum payout in the event that death or terminal illness occurs within the contract term. There is the added flexibility of increasing protection against a critical illness and/or a permanent disability to complement the life cover. This can be done by purchasing an added extra or a ‘rider’ that is in addition to your current Term Life Insurance plan. Ask us any questions about this ad we will happily help.
A Term Life Insurance policy does not accumulate any cash value, and is classified as a pure protection tool. This means that there is no surrender value to the policy, which allows for premiums to be highly affordable. You can also purchase expat Term Life Insurance plans that will follow you onto your next overseas posting as well. The younger you are when you purchase a term life insurance plab, the lower your premiums will remain for life. Give us a call today to discuss this further.
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