What is Life Insurance?
Life Insurance pays a cash lump sum to your loved ones if you die, or become terminally ill.
The lump sum is received tax free and can be used for anything you see fit, but generally for paying off liabilities (such as the mortgage), leaving money for the family or for funeral arrangements.
The lump sum is received tax free and can be used for anything you see fit, but generally for paying off liabilities (such as the mortgage), leaving money for the family or for funeral arrangements.
Is it right for me?
If you have a family or a partner who are financially dependent on you, or if you have liabilities such as a mortgage or loan then you should consider life insurance.