A life insurance policy is a contract to provide your beneficiaries with a cash payout upon your death. 

Term life insurance generally provides coverage at a more affordable cost for a set period of time, while permanent life insurance provides coverage as long as required premiums are paid.

Group policies provided by employers typically offer an affordable and easy way to enroll in life insurance without a medical exam. However, group policies may only pay an amount equal to one or two years of salary or a similarly limited amount, which may or may not be enough to cover your family’s needs.

Premium rates are typically based on factors such as age, gender, height, weight, health status and if you participate in high-risk activities or occupations.

Group life insurance products offer benefits to a group of people.  The insurance cover will be provided to a group of people under a single master life insurance policy. Employers are bound to provide an insurance plan to their employees and therefore often offer group insurance cover.

This cover is a funeral scheme, which provides a lump sum benefit payable upon the death of the member (employee), spouse and/or children (up to 4) and parents to meet funeral and other expenses associated with a death in the family.

This is a type of life insurance that effectively pays off the debt owed on a loan/credit account or mortgage in the event of the borrower’s death. If the debtor dies before the loan is fully repaid, the policy pays the lender an amount equal to what is still owed to the creditor at that time.

It is an all-embracing funeral plan for people who are articulate planners in life and those who care for their families. The product is meant for those that do not want to leave the burden of their family funeral arrangements to relatives, friends or neighbors. This is a unique product, which has embedded benefits such as Survival (Premium Refund), Tombstone and Grocery benefits.