Tag Archives: family

What is Critical Illness Insurance?

Critical illness insurance can pay you an agreed lump sum on the diagnosis of a specified serious illness (such as cancer, multiple sclerosis, Parkinson’s disease, heart attack, loss of sight and many other conditions). The benefit is paid by the insurer on diagnosis of the defined ailment and even if...

Life insurance and its many uses

Life insurance can ensure your family’s financial security in the event of your sudden death. It is a contract pursuant to which the insurer promises to pay a beneficiary you nominate an agreed sum of money upon your death. Usually, you would own your own policy and nominate your spouse,...

Why you need Income Protection Insurance

INCOME PROTECTION INSURANCE – WHAT IS IT? Income protection insurance (also known as salary continuance insurance) ensures that you receive regular income if you are unable to work because of an illness or an injury. It is a contract between you and an insurer, pursuant to which the insurer promises to...