What is it?
A lump sum paid to your dependants or estate if you die or even become terminally ill.
What are the benefits?
The lump sum will typically be enough to pay out your debts, pay your final expenses and provide some investable cash to your family, a dependant or in some cases to fund a wish in your will.
It is also the cheapest of all covers.
Think about this
Death is final but many times it is preceded by a terminal illness
Under the terminal illness benefit included in term life insurance policies, you can effectively spend some of your life insurance payout before you die…
It can be used for the bucket list, or to personally distribute funds to your loved ones…..A living will!