At Nexus, we understand the importance of ensuring that plans are put in place to provide complete protection to families when they are most vulnerable.
For instance, a protection policy may be set up to pay out a lump sum in the event of a parent’s declining health or death before their children become financially independent.
We offer bespoke solutions to meet the requirements of your family while working within a budget that is suitable to you. Your personal financial advisor will help you pick the best option from a range of product providers who offer both ‘Whole of Life’ and ‘Term’ protection policies.
When you purchase a term insurance policy, your beneficiaries receive a fixed sum in the event of a death or certain predetermined conditions.
Whole of life policies provide you with a complete peace of mind. Live knowing that your future needs will be taken care of in the event of any unforeseen circumstances such as an early death or other life events that may threaten the financial security of your family.
Whole of life policies generally provide flexibility and convenience allowing for variations in the benefits to suit the changing circumstances in your life. They also incorporate an element of investment allowing for a possible cash value to build-up within the plan.
Following a detailed review, a qualified financial professional will help you determine the level of cover you require and assist you with the entire process. From then on, you will be supported with the award-winning service of Nexus.
This is an optional benefit which is payable if the life insured is hospitalised for 4 or more consecutive days. The lump sum can be used for meeting additional expenses outside the health insurance cover or for compensating the loss of income during the period of hospitalisation.
Family income benefit allows you to provide your family with a regular income in the unfortunate event of your death. The family would receive a fixed income on a regular basis for a predetermined term following the death of the life insured.
Critical illness cover provides our customers with tremendous financial security. It allows for income replacement if the life insured is unable to work as a result of a critical illness covered by the policy. The lump sum pay out, in the event of a critical illness diagnosis reduces financial disruptions for the family which might affect their daily living and increase expenses.
Disability cover allows for a family to remain financially independent in the event of total and permanent disablement of the life insured. A lump sum is payable to help meet the increased costs of living with a permanent disability, thereby replacing the possible loss of an income.
This benefit provides additional cover if the life insured sustains bodily injuries and suffers the loss of sight or limb as a direct result of those injuries. A lump sum is payable, either full or part of the sum insured, as defined in the policy.
If you are unable to work due to an accident or illness, the waiver of premium benefit will allow for the policy to continue and the premiums would be paid by the life insurance company on your behalf. This would provide you with financial security at a time when your income may have reduced due to an illness or an accident.
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