LIFE COVER

Life cover is the most important investment one can make for you and your family.  Life cover is similar to having car insurance.  In the event the vehicle is stolen, there is assurance that one will be paid out for the vehicle. Life cover is very similar, however it is even more vital to have that same cover in place in the event that something may happen to you.

• Whole of life
• Fixed Term

Both of these are also split into pure life cover or cover with a cash value as well as insuring for disability and dread disease and in some countries, income protection. Life cover is a compromise as many people either don’t believe in it or are hesitant to pay for life cover, but if one was offered $20 000 000 life cover for free? - of course one would take it.  

Hence, life cover is a balance between what you can afford to best cover your needs.

Whole of life is the best cover, but it is more expensive than term cover as the chance of mortality is 100% so therefore 

the risk sits with the insurer.

With  term cover, the risk is less as the chances of someone passing in the first 15 years is less than 100% but greater than 0%.  

This means the insurer carries less risk and can pass that cost saving on.   

Fixed Term Insurance is good if you have fixed term needs, such as needing to cover a home loan for 15 years or children’s education until they turn twenty one.

Invest-it uses some of the best insurers in the world such as RL360 and Atlas Life to insure our clients are properly covered.  Speak to your Financial Advisor to make sure that the complicated compromise is the best that you can get.