Types of Life Insurance
Broadly speaking, there are five types of life insurance:
- Life cover (this is sometimes called death cover);
- Trauma cover;
- Income protection cover;
- Total and permanent disability cover; and
- Business cover (for either business expenses or a key person in the business).
This guide is designed to be used both by advisers and by their clients. The guide provides a comprehensive, accessible description of the various forms of life insurance that you need to consider. If you are a client, please ask your financial adviser for more information if there is anything you wish to discuss.