We are not sure about tomorrow, so when planning for the future, it is important to ensure that your death will not impact your loved ones financially.

When a person takes out life insurance, it means that in the event of their death the sum assured (financial benefit) will go to their dependents/ next of kin. Other events in life that may trigger payment from the life insurance cover include critical illness, terminal illness, temporary or permanent disability; this is dependent on the terms of the contract. Other expenses such as funeral expenses may also be covered.

Life insurance is a long-term contract between an individual (policy holder) or organisation and an insurance company.