Life Insurance & Critical Illness Protection

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Protect those
you love

Secure Their Future Today

We know how important your loved ones are, and we're here to help you protect their future.

Peace of Mind for Your Family

Ensure your family's financial stability with life insurance tailored to your needs.

Lifelong Security for Your Loved Ones

Provide lasting protection and support for those who matter most.

What are Life Insurance & Critical Illness Protection?

Life and critical illness insurance policies are designed to cover you and your family in the unfortunate event of serious illness or the death of a loved one. This cover can also help pay for medical expenses and provide a lump sum to your family.

These policies are designed to pay out a lump-sum upon death or diagnosis of a specified critical illness – the most common being Cancer, Heart Attack or Stroke. However, the list of illnesses covered continues to become more comprehensive.

Most clients take out protection plans to ensure they leave a lump-sum pay out for their family to help with the repayment of debt, which is most commonly in the form of a Mortgage. Critical Illness Insurance could alternatively be used to pay for medical treatment or improvements to the home in the case of disability.

Frequently Asked Questions

Life insurance is a contract between you and an insurance company where you pay premiums in exchange for a lump sum payment, known as a death benefit, to your beneficiaries upon your death. It provides financial security and helps protect your loved ones from the financial impact of your passing, covering expenses like funeral costs, outstanding debts, and ongoing living expenses.

There are several types of life insurance, including term life and whole life. Term life insurance provides coverage for a specified period, typically 10, 20, or 30 years, while whole life and universal life provide coverage for your entire life with added cash value components. Each type has its own benefits and considerations, such as cost, coverage duration, and investment features.

The amount of life insurance coverage you need depends on various factors, including your financial obligations (such as mortgage, loans, and education expenses), income replacement needs for your dependents, and future financial goals. A financial advisor or insurance agent can help you assess your needs and determine an appropriate coverage amount.

The life insurance application process typically involves filling out an application form, undergoing a medical exam (in some cases), and providing information about your health, lifestyle, and finances. You may need to disclose details such as your medical history, smoking status, occupation, and income to the insurance company.

Several factors influence life insurance premiums, including age, health, smoking status, occupation, hobbies, coverage amount, and policy type. Generally, younger and healthier individuals with lower-risk lifestyles pay lower premiums, while older individuals or those with health issues may pay higher premiums.

Yes, most life insurance policies offer options for adjusting coverage or updating policy features after purchase. You can typically increase or decrease coverage amounts, change beneficiaries to customize your coverage to your changing needs.

If you miss a premium payment, your policy may lapse or enter a grace period, depending on the terms of your policy and your insurer’s policies. If you cancel your policy, you may receive a surrender value (for permanent policies) or forfeit all coverage and premiums paid. It’s essential to understand the consequences of missed payments or cancellation before taking action.

Ready to dive into the world of life insurance?

Life insurance ensures that your family is protected in the event of loss of life. It could be used as a lump sum to provide for dependants, a lump sum so a spouse can continue to live in the family home or to clear a mortgage debt so family members can keep the home without the burden of having to make regular mortgage payments on their own.

If you want to know more about our life insurance options or wish to discuss your individual needs with us, then please get in contact with our team at Q Financial Services. 

Understand your financial goals and the coverage needed to protect your loved ones.

Compare different life insurance policies to find the best fit for your situation.

Receive personalised quotes based on your unique needs and circumstances.

Complete the application process and ensure your policy is in place to provide peace of mind.