woman carrying baby in harness highlights the need for life insurance

Your safety net

A Guide to Term Assurance

Term Assurance – Your Cover Explained

Term Assurance is a life assurance protection policy. If Life Cover is included its purpose is to provide a lump sum if you die during the term of the policy. If Specified Serious Illness Cover is included its purpose is to provide a lump sum if you are diagnosed with one of the specified serious illnesses covered during the term of the policy.

A Specified Serious Illness Cover claim will only be paid based on the Specified Serious Illness Cover definitions which state the exact conditions that must be met for a claim to be paid. Term Assurance is designed solely to provide protection benefits. There is no payment if you survive to the end of the term and no surrender value is payable at any stage.

Financial security when you need it most

It’s very difficult to plan for what would happen to your family if you died, or one day became seriously ill. But when these things do happen, the bills can be very expensive in the short term and have a serious effect on your family’s long-term finances. Term Assurance can offer some security at a time like this. We’ll pay a lump sum if you die or, depending on the policy you choose, become seriously ill.

Term Assurance for your family

With Life Cover and Specified Serious Illness Cover in place you can provide your family and dependants with a lump sum to help cover ongoing bills and living expenses should you die or suffer from one of the 60 specified serious illnesses we cover, lessening the financial impact and helping your loved ones to cope. This money can also, if required, help to pay off any outstanding debts that your family may be faced with