by Chris Carter | Aug 6, 2024
Critical illness cover can be added to a life assurance policy as an additional benefit or set up as a stand alone policy, providing the following features: Coverage: Pays out a lump sum if you are diagnosed with a specified critical illness (e.g., cancer, heart...
by Chris Carter | Aug 6, 2024
Yes, there can be tax benefits associated with life assurance policies, such as: Policy proceeds: In many cases, the payout from a life assurance policy is not subject to income tax. Inheritance tax: If the policy is written in trust, the payout may be excluded from...
by Chris Carter | Aug 6, 2024
When choosing a financial adviser, consider the following factors: Qualifications: Ensure the adviser is properly qualified and registered with relevant professional bodies. Experience: Look for an adviser with experience in life assurance and a track record of...
by Chris Carter | Aug 6, 2024
To find the best life assurance policy for your needs, consider the following steps: Assess your needs: Determine the amount of coverage you need, the length of time you need it, and any specific requirements (e.g. covering a mortgage, providing for dependents)....
by Chris Carter | Aug 6, 2024
The main differences between whole-of-life assurance and term life assurance are: Coverage duration: Whole-of-life assurance: Provides coverage for your entire lifetime. Term life assurance: Offers coverage for a specified term, such as 10, 20, or 30 years. Premiums:...
