This is not a well known insurance product but should form part of every family’s financial planning.
A straightforward description is that this type of policy will pay an income to the beneficiaries in the event of the death (or critical illness) of the insured party.
It is an affordable way of ensuring your family will receive a long term income in the event of your death.
A short description for a simple product that is too often overlooked.
For further information and advice or to arrange a consultation please contact us.
Life insurance plans typically have no cash in value and will cease at the end of the term. If premiums are not maintained then cover will lapse.