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Life Insurance
Life cover is a policy that provides a payout to the designated beneficiaries upon the death of the policy holder. Life insurance makes sure that, if the worst happens, your family will be well looked after.
How Does Life Insurance Work?
A life cover policy will pay out money, usually in a lump sum, to your loved ones if you were to pass away.
The type of cover you need, how long you need it for, and your personal circumstances have a huge effect on the life cover you can take out.
For example, an older person doing a high-risk job would pay a much higher premium on their policy than a younger person working in an office.
At Premo Financial, we have access to an extensive panel of life insurance providers which means we can search through competitive policies to find the one that is right for you and your needs.
Making sure you have the correct life cover in place protects your loved ones if you pass away. That way, should the worst happen, your family have the money they need to keep them afloat in the most challenging of times.