Mortgage & Family Protection
We all need to be protected. Sudden illness, disability, job loss or death can leave us and our loved ones exposed. Archie John Financial provide you with the peace of mind that you and your family are fully covered should the worst happen.
Archie John Financial offers the following:
This comes in two main forms: Level Term and Decreasing Term.
Level Term – Gives you the same amount of cover throughout the life of the policy and pays out that amount if you make a claim.
Decreasing Term – Decreases over the term, usually to match your decreasing mortgage amount. Pays out the current amount when a claim is made.
CRITICAL ILLNESS COVER
This covers you and your family against the financial impact of a specified critical illness and associated loss of income by paying out a lump sum.
The type of illnesses covered vary depending on the provider and type of policy selected with typically up to 40 major illnesses listed. Critical illness cover is also available in Level Term and Decreasing term similar to life cover.
FAMILY INCOME BENEFIT
Available on both Life and Critical Illness plans, Family Income Benefit will pay out a regular income from the point of claim until the end of the policy. For example, a claim made 5 years into a 20-year term policy would pay benefits for 15 years.