Life Cover

Why take out life cover?

The purpose of life cover is to provide financial security for your family after you die. So, before purchasing any form of life cover, you should consider your financial situation and the standard of living you want to provide for your dependents or survivors.

For example, will there be adequate funds for future or ongoing expenses such as mortgage re-payments, school fees, funeral costs or any final medical bills.

It is important to review your life cover on an annual basis or when you experience a major life changing event such as marriage, divorce, the birth or adoption of a child, or the purchase of a major item such as a house or business.

The value of life cover is derived, not only in financial terms but also in the 'peace of mind' experienced by the policyholder.

Click here to use our calculator to find out how much life cover you need