Life Insurance

In simple words life insurance is an insurance that guarantees a specific sum of money to a designated beneficiary upon the death of the insured or to the insured if he or she lives beyond a certain age.

Life insurance provides cash to your family and dependents after your death. This cash (known as the death benefit) replaces your income and can help your family meet many important financial needs like daily living expenses, mortgage payments and educational expenses. There is no income tax on life insurance benefits.

Life Insurance is not for the ones who die BUT for the loved ones we leave behind - L.I.F.E

Different uses of life insurance

Provide a death benefit Provide income to survivors Secure a line of credit Fund a buy/sell agreement Equalize an inheritance Pay estate taxes Create an estate Give to charity Supplement college, retirement, and other expenses Pay funeral and last expenses Pay mortgages and debts Provide an employee benefit Protect a business from financial loss

Term Insurance

Term insurance provides protection for a specific period of time and generally pays a benefit only if you die during the "term". Term periods typically range from one year to 30 years, with 20 years being the most common term.

Whole Life

This insurance coverage, lasts for the lifetime of the insured and the sum insured and other benefits are payable as stipulated in the contract. The insured also has the option for paying the premium for a few years, usually 10-15 years, and enjoy the cover for a lifetime.


These are the additional benefits which can be opted for like: Critical Illness Hospitalization benefit Family income benefit Disability benefit Accidental benefit Permanent total disability

Our guide showing the importance of Life Insurance
Our guide to income protection