
Life Benefit
On the life assured’s death, the full sum assured is paid as a lump sum or in monthly installments over five years.
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Life Insurance · Family Legacy · Life & Legacy Insurance
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A whole life insurance has a cash value factor that gets amassed over a period of time and this is the biggest benefit of owning this policy.
If we consider a term life policy, it expires when the coverage ends and then one is left with the choice of buying a new policy or alternatively let it expire.
This policy also offers the buyer a certain amount of flexibility in regards to its potential of accumulating cash value over a period of time, which the buyer can use for personal reasons.
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