Life Insurance

Life Insurance

A Term life insurance plan provides financial support to a policyholder's family in the event of the policyholder's death. If a policyholder should die during this time then the plan will provide a cash benefit. This cash benefit is usually used to help pay for your children's education, food, holidays, as well as any bills associated with the death, outstanding mortgage, estate duties, and relief for any beneficiaries that would have been affected by the loss.

Whole life insurance provides life protection for a predetermined length of time usually between 5 and 35 years. Term life policies are designed to protect your family and loved ones until such time as they are financially independent. This targeted policy length allows for more flexibility within the plan.

A Term Life plan will only provide monetary reimbursement if the policyholder dies within the predetermined time frame. A Term Life policy will offer no other benefits apart from the stated cash benefit in the event of death; however, some Term life policies are linked to a terminal illness benefit that is usually equal to the amount of the death benefit.

It is important to note that premiums associated with term life policies will not fluctuate throughout the course of the plan. These plans are designed to provide a high value low cost level of protection across the policies lifetime. When you decide to buy a term life policy, everything from the type of currency that the premiums are paid in, terminal illness options, and the length of the plan are at your control.

For more information about a term life plan, a health insurance worldwide plan, or to receive a free consultation, please contact us now.

Pacific Prime offers comprehensive protection plans:

Disability Income Protection

The loss of income will have a significant impact on your way of life and leave you struggling to cope. A Disability Income Protection plan will help support you by providing a monthly benefit until such time that you are able to return to work.

Whole of Life Insurance

Whole of life insurance can help provide you with the peace of mind that should anything happen to you, your family is protected.

Critical Illness

If you are diagnosed with a critical illness while on this type plan then you are entitled for a lump sum payment to help cover the costs of the illness and any loss of personal revenue associated with the diagnosis.