Life Insurance | Personal Insurance

Provide for the ones you love, even when you're not around

It's only natural to want to look after your loved ones. Life insurance gives them financial protection if you pass away.

What is life insurance?

Although we like to imagine we're invincible, none of us know what's around the corner. If you pass away before your time, life insurance will let you take care of your loved ones after you're gone.

If you pass away unexpectedly, your nearest and dearest might not be able to fund essential expenses like mortgage payments. Losing a loved one is always painful. Relieving financial burdens allows those closest to you to process their loss without added stress.

Life insurance will pay out in a lump sum if you pass away within the policy's duration. You can choose the policy length and the level of insurance you’d like. Some life insurance policies will also pay out following a terminal illness diagnosis.

What should I keep in mind?

There are two kinds of life insurance: level and decreasing term.

Level term life insurance means that you'll make the same monthly or annual payments for the policy's duration. The payout will be consistent if you pass away at any point while the policy is in place.

Decreasing term life insurance covers debts that decrease over time, like your mortgage. The amount your family would receive decreases as time goes by. It can often be a cheaper alternative to level term life insurance, but the payout is also usually lower.

You'll need to consider:

What kind of cover suits you best
Whether you’d like to cover additional expenses like funeral costs
The right level of insurance
Whether to opt for a single or joint policy

Life insurance doesn’t usually cover serious accidents and critical illnesses, although some policies offer add-ons.

How can Trulife help?

Selecting the right kind of life insurance is a big decision that needs careful consideration. Because we work with closely with trusted providers, we can often source deals that you won’t find elsewhere.

We'll offer guidance on:

The level of cover you might need

What scenarios life insurance policies can cover

Getting the best deal at the best available price

What next?

If you’re thinking of getting life insurance, talk to Trulife. We’ll quickly connect you with a member of the team and find a policy that gives you confidence for the future.

Let's chat