There are several ways in which to protect yourself and your family in the event of an untimely death.
Most people take out life assurance to provide for their families and alleviate any
There are several ways in which to protect yourself and your family in the event of an untimely death.
Most people take out life assurance to provide for their families and alleviate any
Level Term Assurance pays a lump sum in the event of death during the term of the policy. There is no investment element within a term assurance contract so at the end of the term there is no maturity value and life cover ends. The benefit is paid tax free and premiums are usually monthly, and fixed throughout the term. Because the term and benefit are known from the outset, and there is no investment content, term assurance can be a cost-effective method of protection.