Did you know that the idea of life insurance has been around for hundreds of years. Its basic purpose is to ensure people and their loved ones are looked after if something happens to them.
While the products may have changed over time and within the insurance industry, the concept remains the same. Life insurance is designed to provide a certain amount of security in time of great loss and need.
Life insurance today comes in many forms, with various options ranging from funeral cover and simple mortgage protection through to complex business insurance. There are products to cover both short and long term requirements.
Life cover provides a lump-sum payment in the event of death. It is essential for those with a family, business, or other financial commitments which could be placed in jeopardy.