Life Insurance - Online Life Insurance Quotes

How insurance works

Types of insurance

There are five different types of insurance. The table below explains how each of these can help you cope financially with events that can affect your financial future.

Life Insurance - A lump sum payment.

Insures against which event?

You might use the benefit to…

Death.

Life Insurance can help your dependants cope financially, after you die.

pay off the mortgage or any other debts that may affect your family’s financial future
reimburse funeral costs
pay for child care or home help to aid the remaining spouse
provide a reserve that can be used as income should the remaining spouse decide not to work

Total and Permanent Disablement - A lump sum payment.

Insures against which event?

You might use the benefit to…

A total and permanent disablement where you are no longer able to work due to accident or illness.

pay for disability related costs including rehabilitation
pay for changes to your lifestyle, for example, refitting your home
enable your partner to reduce their working hours to look after you, or alternatively get a carer or pay off debts
provide an income for you and your dependants

Trauma - A lump sum payment.

Insures against which event?

You might use the benefit to…

Traumatic medical conditions (including cancer, heart attack, stroke, coronary artery bypass surgery and angioplasty).

pay for recovery costs including rehabilitation
pay for changes to your lifestyle, for example, refitting your home
enable your partner to reduce their working hours to look after you, or alternatively to get a carer
pay off debts
provide a reserve to use as an income

Income Protection - An income stream of up to 75% of your income.

Insures against which event?	You might use the benefit to…
The inability to work due to sickness or injury, after a specific waiting period and for a defined benefit period.	Maintain your basic household lifestyle pay for food, and other day-to-day expenses pay for rent or home maintenance costs help you meet mortgage or other debt repayments pay for any transport costs you may have

Business Expenses - A regular payment during the benefit period

Insures against which event?	You might use the benefit to…
The inability to work due to sickness or injury. Business Expenses Insurance can help your business cope financially with your inability to earn the business an income because of sickness or injury.	pay for rent, electricity, water, gas pay for employees’ salaries (not your replacement) make regular business loan repayments

Packaging

You can package multiple insurance products with one insurer to cover different events. The combinations you choose depend on many factors, including your financial position and the risks you believe you face.

Common combinations include:

Life Insurance +

Income Protection

To cover:

your family in the event of your death, and
you and your family in the event of you stopping work because of sickness or injury.

Life Insurance +

Income Protection +

Total and Permanent Disablement

To cover:

your family in the event of your death
you and your family in the event of you stopping work because of sickness or injury, and
you and your family in the event of you suffering a total and permanent disability that prevents you from ever working again.

Life Insurance +

Income Protection +

Trauma

To cover:

your family in the event of your death
you and your family in the event of you stopping work because of sickness or injury, and
you and your family in the event of you experiencing a medical trauma (for example heart attack, stroke and certain cancers).

Life Insurance +

Income Protection +

Trauma +

Total and Permanent Disablement

To comprehensively cover you and your family against some of the most common events that can threaten you and your families financial future.