Life and Health Insurance

Life insurance (also known as life assurance or term assurance) is a great way to help protect your family from the financial worries they could face if you were no longer around, such as household bills, child-care costs, university fees and covering mortgage payments.

So what is life insurance? In a nutshell, life insurance is a contract between you and an insurer. It could pay out a cash sum if you die during the length of the policy.

What types of life insurance are available?

There are different types available to suit different needs:

• Level term assurance to help protect your family financially

• Mortgage term assurance specifically designed to help pay off the mortgage

• Family income benefit to help protect your family financially, by paying a monthly benefit

There is also an option to add critical illness cover for an extra cost when you take out life insurance. It’s designed to pay out if you’re diagnosed with one of the specified critical illnesses during the length of the policy.

You decide what type of life insurance best suits your needs, how much you want and how long you need it for. For example, if you want your loved ones to be able to pay off the mortgage, think about the size of your mortgage and the number of years left to pay.

Please remember that life insurance is neither a savings nor an investment plan and has no cash value, unless a valid claim is made.

Critical Illness Cover

In recent years modern medicine has meant that more and more people are surviving a critical illness such as cancer or a stroke; but may not recover sufficiently for them to return to full time work. This is where Critical Illness Cover is of benefit, as it is designed to pay a one off lump sum if you are diagnosed with a qualifying critical illness during the term of the policy.


It’s easy to think “it won’t happen to me”, but if the worst should happen, critical Illness cover could help provide financial security at an emotional and difficult time. Whether it helps pay off your mortgage, funds a relaxing holiday to recover from treatment, or just helps you cope with the bills and expenses, the lump sum pay–out from critical illness cover could relieve worries and let you concentrate on getting better.


The range of critical illnesses covered and their definitions vary from company to company, so we recommend that you obtain professional advice to ensure that you take out a policy that is suited to your exact requirements.


However, some examples are:

• Heart Attack

• Certain types and stages of Cancer

• Stroke


Not all conditions are covered. The policy will also specify how serious the condition must be, so it’s important to get proper professional advice.


Critical Illness cover can also be linked to your life cover.

If you think we could be of assistance, please contact us here.