Protect · Term insurance
Term insurance: income protection, not an investment plan
How pure life cover works, who needs it and what the application really asks of you.
The essential idea
Term insurance pays a stated death benefit if the insured person dies during the policy term. Its job is to protect people who rely on that person’s income or unpaid work: dependants, a spouse, children, parents or a co-borrower. Keep the protection decision separate from the investment decision.
What to compare
Estimate the gap from debt, income needed by dependants, important future goals and available assets or existing cover. The result is not a magic multiple; it is an estimate to revisit when income, liabilities, family responsibilities or savings change.
A practical next step
Answer health, occupation, income, smoking and existing-policy questions completely. Check nominee details and store policy information where the nominee can find it. Riders add conditions and cost, so read the terms rather than buying them automatically.
This is educational content, not individual tax, investment, insurance or legal advice. Rules, product terms and your circumstances matter; check current official guidance before acting.