A lump sum paid to cover debt at the time of an untimely death or terminal illness. Funds can help with mortgage reduction, final expenses and any debt at that time. Also, leaving lump funds available for the family until they can reassess their financial situation. A couple of benefits included within the cover below:
Terminal Illness Benefit
Pays up to 100% of the Life Cover benefit if a life assured is diagnosed as being terminally ill and unlikely to survive for 12 months. The Life Cover benefit will cease on payment of a Terminal Illness benefit.
Bereavement Support Benefit
This benefit pays an immediate lump sum of $15,000 upon the death of a life assured.