Life and Critical Illness Insurance
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These are 2 separate covers but sometimes go hand in hand as people tend to purchase them together.
Life insurance leaves financial security for family in the unfortunate event of you passing away. This can help them pay off things like a mortgage. You don’t have to take this but is a good thing to do if your family depend on you for your income. A great safety net.
Critical illness will pay out a tax free lump sum payment if you get diagnosed with a condition that is insured by the provider. Your family can again use this to clear debts, pay bills or anything else they wish to do with this.