Life Insurance provides insurance cover that pays a lump sum benefit to your Estate if you die during the period of cover.
If you’re the main income earner in the family, life insurance can help provide a stable financial future for your loved ones if you pass away prematurely. It can help your family cope with major household expenses, such as paying off the mortgage, education costs and funeral expenses.
Most review their life insurance at key stages during their lives, like:
- getting married
- arranging a mortgage or a loan
- starting a new job
- the birth of children
- buying a house
- establishing a business
As a Synchron adviser we are equipped to advise you in all situations. He or she can assist you to determine the amount of cover you require, arrange quotes from reputable life insurance companies and advise on matters like whether you should take a joint policy with your partner.