There are various types of Life Insurance plans available to you; and the principles are the same throughout, there’s a payout (Death Benefit) if the insured person were to die while the plan is still running (the Term).
To help you decide which type of plan works best for you and your loved ones, click on the boxes below for a simple explanation of your options.
"A life insurance policy where the amount your dependents will receive, does not change over time Usually for people who want to protect their family or to pay off an interest only mortgage."
"Will pay out a cash lump sum if the insured person is diagnosed with qualifying critical illness within a preselected number of years. It is usually taken out as an add-on to life insurance policies."