Term life
Term insurance basics
Term life insurance is designed to provide a stated death benefit if the life insured dies while the policy is in force and policy conditions are met. It is not a savings plan or a guarantee of acceptance.
Need a clearer answer?
Talk it through with a person.
Book a free consultation or start a consent-based WhatsApp chat. We can help you understand questions to ask; the insurer makes the final decision.
What term cover is for
It can help a family replace income, repay liabilities, or fund future goals after the death of a primary earner. The amount and duration should reflect the financial need, not a one-size-fits-all rule.
Policy term, premium term, and payout
The policy term is how long cover lasts. The premium-paying term is how long premiums are due; these can differ.
Payout choices may include a lump sum, income, or a combination. Consider who will receive the money and how they would manage it.
- List outstanding loans and future goals.
- Check whether the policy term covers the years your family depends on income.
- Discuss payout choices with the intended nominee.
Underwriting and nomination
The insurer assesses the information in your proposal, including health, lifestyle, occupation, and financial details, before deciding whether and on what terms to offer cover.
A nominee is the person you name to receive policy proceeds according to the policy and applicable law. Keep nominee details current.
Review before you buy
Read exclusions, rider terms, premium-payment rules, and what happens if a premium is missed. Give complete and accurate information in the application.
- Choose and update a nominee.
- Read rider wording separately from the base policy.
- Keep the policy number and claim contacts where your family can find them.
Need a clearer answer?
Talk it through with a person.
Book a free consultation or start a consent-based WhatsApp chat. We can help you understand questions to ask; the insurer makes the final decision.