Types of Policy

Life Insurance can help meet the financial burden of loss of income, debt payment and the tax liabilities that can result from a death. There are three basic types of life policy: term (or temporary) life insurance, whole life insurance and endowment insurance.

All these policies provide your family with financial protection by paying a lump sum on your death. However, some families may find a regular income more useful than a lump sum, in which case a family income benefit policy would be a better choice.