Life cover is also known as Term Life insurance, or Death cover. It provides a lump sum payment (subject to conditions) in the event the Life Insured dies or is diagnosed with a Terminal Illness where death is likely to occur within 24 months10.
The funds can be used for any purpose you choose, such as cover mortgage payments, school fees, bills, groceries, other living expenses and funeral costs. Life insurance is a way of protecting the financial future of your loved ones if you were no longer around to provide for them. It can help your family cover debts and living expenses at a time when they need it most.
You must be aged 16 to 65 to apply for Life cover. As long as you pay your premiums, we guarantee to continue your cover until the policy anniversary after your 99th birthday, regardless of changes to your health condition.4,1