Life Insurance

In the event of your death, life insurance provides financial security for your loved ones. Although it cannot ease the emotional impact of loss, life insurance pays out a lump sum to your beneficiaries, to help them manage expenses such as mortgage payments, childcare costs, household bills, and funeral arrangements. Life insurance acts as a safety net, providing your family with much-needed financial support and stability, even after you are gone.

What does life insurance cover?

Life insurance can be used by designated beneficiaries to cover essential expenses such as:

• Mortgage repayments so your family can continue to live in their home.
• Day-to-day living expenses such as groceries, utilities and education.
• Childcare costs to support the ongoing care of your children.
• Funeral expenses to help manage the cost of your funeral arrangements.

When considering your life insurance options, Lightbulb Lending can help you select the right option for you. Here are some of the key differences between life insurance and critical illness cover:

• Life Insurance
  Provides a lump sum to your dependents in the event of your death. It’s particularly useful for covering long-term financial commitments like mortgages, and for providing financial support to your family.
• Critical Illness Cover
  Pays out a lump sum if you are diagnosed with a serious illness or permanent disability covered by your policy. This financial support can help cover medical expenses, pay off debts, or provide income during your recovery period.

For more information about our Life Insurance of Critical Illness Cover, please don’t hesitate to contact us today. We are here to support and guide you every step of the way.