Life Insurance

What is Life Insurance?

Life insurance is a vital financial tool designed to provide a safety net for your loved ones in the event of your passing or terminal illness. It offers financial protection and peace of mind by ensuring that your family and dependents are taken care of, even when you’re no longer there to provide for them.

What can the payout be used for?

Your beneficiaries could use the life claim payout for a variety of purposes such as, but not limited to:

Income replacement: Life insurance could replace the income you would have provided to your family, ensuring they can continue to pay their bills and maintain their quality of life.

Debt coverage: It could help pay off outstanding debts such as mortgages, student, car or personal loans and credit card balances.

Education Funding: It could be used towards your children’s education expenses, whether that be private school tuition, boarding, university or school supplies.