All Life Insurance
AIG Life Life Insurance
Provide financial benefits to put towards credit card debt, funeral costs or any other final expenses. Your application cannot be turned down for health reasons, and coverage ranges from $5,000 to $25,000 with rates starting as low as $5 a week.
Aviva Life Insurance
Robust product portfolio for all your insurance needs. Wide distribution network of 108 branches, spread across the country. Over 13500 Financial Planning Advisors in India. 33 million customers across 16 countries.
Legal & General Life Insurance
Life Insurance could pay out a cash sum if you die during the length of the policy. It could be used to help pay the mortgage or help protect the family's lifestyle and everyday living expenses. You choose the amount of cover you need and how long you need it for and unless you make any changes, your cover amount will remain the same. You can also choose whether to pay your life insurance monthly or annually and your premiums won’t go up unless you alter your policy, so you’ll always know how much you’re paying.
Old Mutual Wealth Life Insurance
Old Mutual's way of working puts you and your Financial adviser in control. It means applying well-proven methods to assess what investments and funds are the most appropriate for your needs. And it enables you to monitor, change and rebalance your investments over time to maintain optimum performance as the economic climate changes.
How does life insurance work?
Many people fear death and, usually, it’s because we worry about who we leave behind. How will they cope emotionally and financially without us? Will they be able to live comfortably without your income? Who will look after them? So many questions can be easily answered by taking out life insurance.
Life insurance is a way to protect your loved ones after your death. It can ensure your family remain in the home that reminds them of all the happy times you’ve shared or that your children can afford to go to university.
It provides a safety net for your dependants if you die, easing the burden of managing finances when they’re struggling to come to terms with your death. Help them through this difficult time by taking out life insurance to provide financial security.
A life insurance policy will pay out a cash lump sum if you die during the term of your policy. Most insurers will let you choose your policy based on the two following scenarios: either you can choose the payout amount you want, or you can choose the amount you can afford to pay each month. The higher the payout, the more you pay monthly and in contrast, the lower your monthly premium, the less you get as a payout.
FAQs about life insurance
What is life insurance?
Life insurance pays out a lump sum to your loved ones when you die.
How do I choose the right life insurance policy?
To find the best policy for you, you need to consider: the amount of cover you need, the length of cover you want and whether to choose level or decreasing cover.
What is decreasing cover?
Decreasing term insurance is a more affordable option than whole life insurance. It is a type of life insurance that decreases at a predetermined rate over the life of the policy.
What type of life insurance cover do I need?
Most life insurance companies let you choose an amount of cover. To work out how much cover you need, you should consider whether you want your policy to be able to pay off your mortgage or give a set level of financial support to your children until they reach a certain age.
How do I choose the length of term on my life insurance policy?
The length of term depends on what you want the insurance to cover. For example, if you want life insurance to pay off your mortgage, you should choose a term that matches how long it will take to completely pay your mortgage off.
How much will life insurance cost?
The cost of life insurance is based on the type of cover you want, the length of time you want it for, your age and your medical history.
What kind of payout will I get?
You have the choice of two types of payout - either a lump sum or a monthly income.
Can I have more than one life insurance policy?
There is nothing stopping you from taking out more than one life insurance policy, but it may be cheaper to have just the one policy that covers you for the exact circumstances you need.
Can I get life insurance if I have poor health?
Although you may find it harder to get cover, you should still be able to get life insurance if you have health issues. You may have to shop around a bit longer and it may be more expensive but there should still be options for you to choose from.