Moms and Dads
with life insurance
are superheroes
cash value you can access anytime.
What is
Life Insurance?
Why do I
need it?
The last thing you’ll want is to leave loved ones with your expenses. Life insurance can cover funeral costs, mortgage payments, children and dependents’ expenses and everyday bills. When you’re no longer around to provide for your family, life insurance can help ease the financial burden.
Life Insurance Plans
Term Life Insurance
Term Life Insurance is a short-term coverage option, with our policy lasting up to age 85.
02
Life Insurance + Savings
Life Insurance with Savings is a plan combining two things: it gives you life insurance coverage to protect your loved ones and lets you invest your money until you reach age 65.
03
Whole Life Insurance
Whole Life Insurance, or Ordinary Life Insurance, is a lifelong coverage plan. If something happens to you, your chosen loved ones receive a payout.
What’s the best
plan for me?
Having the right life insurance coverage just may be the single most important financial decision you make. Consider these important facts:
Experts recommend that your life insurance coverage should equal 10-15 times your income.
One way to estimate your own needs is to use the DIME approach – DIME stands for debt, income, mortgage and education – four criteria that help to estimate the total coverage you’ll need.
Life insurance will probably cost less than you think.
According to research, as many as 8 in 10 people actually overestimate the cost of term life insurance, and younger generations overestimated by as much as 213%.
It’s better to secure life insurance long before you need it—because the cost only increases with time.
Your age and health will impact the cost of your premiums accordingly with most insurance underwriting processes. If you know you need more life insurance, the time to secure it is now.
Get the answers you're looking for.
It’s best to look at your family’s immediate, ongoing and future financial obligations, and compare that with your financial resources.
Types of financial obligations:
- Immediate: funeral costs, medical bills, taxes
- Ongoing: mortgage payments, utilities, food
- Future: university tuition, retirement funds
Types of financial resources: your income, savings, income-producing assets, investments
A financial advisor or customer representative can help you come up with the right coverage to suit your needs.
Most plans do require a medical exam and charge premiums based on the level of risk they assign to you. However, even if you are not in top health or have a serious health condition, there are still life insurance options available. This may come at a higher cost.
Yes, you can pay online with a credit card, but not over the counter.
Yes, you can pay on behalf of someone else, but you must present your ID for our records and complete an Authorisation of Payor Form.
You can access your Cash Surrender Value (CSV) by taking it in the form of a loan, which needs to be repaid.
Yes, you can name your child as your beneficiary, but if the child is under 18, you will need to appoint a trustee to act on their behalf.
You can obtain an application for a duplicate policy contract form from our office and make a declaration with a commissioner of affidavits.
No, it covers either your death or critical illness upon diagnosis, not both simultaneously.
It depends on the type of policy. Term life policies do not have a CSV; other types may have.
Yes, after 3 years of the policy’s existence, you can avail the option of taking a policy loan against the CSV. Different policies have different interest rates.
