Life assurance

Life assurance pays out a certain amount of money when you die or if you develop a terminal illness during the policy term. If there are people who depend on you financially, taking out a life assurance policy can make their lives easier by helping to pay off your mortgage.

The amount you pay in premiums, usually monthly or annually, will vary depending on

  • Your age, sex, occupation and lifestyle (e.g health and smoker status)
  • The sum assured
  • The length or term of the policy.

These policies do not have a cash in value at any time.

Find your local advisor to discuss life assurance policies or to get a quotation.

 

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The monthly payment shown is intended as a guide only. The actual amount you will have to pay each month could be more or less than this figure. Please note repayment of an interest only mortgage is the repayment of interest only. The cost of repayment of the amount borrowed would need to be added.