Life Policy

How does a life policy work?

Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose.

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The three types of main life insurance


Whole Life Policy Insurance: Within the realm of whole life insurance, you may stumble upon it being referred to under different names. The two most common other than calling it whole life are “straight life” or “permanent life”. 

Universal Life Policy Insurance: One of the earliest descriptions that I ever heard regarding universal life insurance was that it was “built on a term insurance chassis”. 

Term Life Policy Insurance: Term life insurance actually gets the name from the fact that it is life insurance purchased to cover you for a specified period or term. At the end of the term, your level, fixed, and the affordable premium is over and so is your coverage.

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Why Get Your Life Policy from Insure It Wize

Financial protection for your family when you pass away, to make sure they’re provided for. Leaving a legacy for your loved ones and family is all about planning. Life Policy Cover will take care of your family and financial commitments when you no longer can. Many of us buy life insurance because we want to make sure that our loved ones remain financially secure after we die. Income replacement is the primary reason people buy life insurance. Contact us today to ensure your family's taken care even after you have passed on

Life Cover ensures that your financial responsibilities are taken care of in the event of your death. It ensures that your family has a sufficient income and provides them with peace of mind. Assuring that money will be the least of their worries. A life cover policy replaces the income you would have earned during your working life. Thus ensuring that your family is financially secure. Now you can take care of your family ever after you have passed on. 

Insure It Wize will give you peace of mind.

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