PERSONAL LIFE COVER
​What is Personal Life Cover?
Life insurance is a personal protection policy that provides a tax-free lump sum payout to your chosen beneficiaries if you pass away during the term of the policy. It’s designed to give your family financial security and peace of mind at a difficult time.
Why is Life Insurance Important?
Life insurance helps ensure your loved ones are not left financially vulnerable. It can help:
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Cover mortgage or rent payments
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Maintain your family’s lifestyle and day-to-day expenses
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Fund childcare, school or university costs
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Clear outstanding debts or loans
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Provide financial support during a time of loss
Who Should Consider Life Insurance?
You should consider life insurance if you:
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Have a partner, children, or dependents who rely on your income
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Have a mortgage or significant financial commitments
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Run a household or contribute to shared living costs
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Want to leave a financial legacy or cover funeral expenses
How Does It Work?
Choose a cover amount and policy term that suits your needs
Pay a monthly premium to keep the policy active
If you pass away during the term, your beneficiaries receive a lump sum payout
You can also choose to add Critical Illness Cover, which pays out if you’re diagnosed with a serious illness covered by the policy.
Types of Life Insurance
Level Term Life Insurance – Pays a fixed lump sum if you die during the policy term
Decreasing Term Life Insurance – Ideal for covering a repayment mortgage, as the payout reduces over time
Whole of Life Insurance – Covers you for your entire lifetime with a guaranteed payout
Key Benefits of Life Insurance
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Financial security for your family and dependents
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Covers large expenses like mortgages or school fees
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Reduces financial stress at an already difficult time
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Offers reassurance that your loved ones will be taken care of
Income Protection
Income Protection is a policy designed to pay you a regular monthly income if you’re unable to work due to illness or injury. It ensures your essential bills and living costs are covered while you recover.
Unlike statutory sick pay or short-term support, Income Protection can provide cover until you return to work, retire, or reach the end of your policy term – whichever comes first.
Income Protection
Income Protection is a policy designed to pay you a regular monthly income if you’re unable to work due to illness or injury. It ensures your essential bills and living costs are covered while you recover.
Unlike statutory sick pay or short-term support, Income Protection can provide cover until you return to work, retire, or reach the end of your policy term – whichever comes first.
HOW CAN WE HELP?
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Our customisable insurance packages are designed with your specific needs in mind, ensuring that you are correctly covered. Plus, we're here to walk you through the entire process, ensuring that all your requirements are met and you have peace of mind knowing you are protected.
WHY CHOOSE COVERLIFE INSURANCE?
Our team of professionals have years of experience in the industry and can guide you every step of the way. We believe in providing quality advice and ensuring our clients have the right cover at the right price. So, whether you’re just starting out or looking to expand your business, trust CoverLife to provide you with the best possible insurance solutions.
KEY FEATURES:
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Why use CoverTrade Insurance?Regardless if you’re a tradesmen, shop owner, landlord, looking to cover your fleet of vehicles or have any other business requirements, Cover Trade are able to help with friendly and professional advice to get the cover in place you need.
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Why use CoverLife Insurance?CoverLife Insurance is here to safeguard your future and the people who depend on you. Whether it’s personal life cover, critical illness protection, or keyman insurance for your business, we make the process simple and stress-free.
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Our experienceWith our wealth of experience, knowledge of the market and network of insurers we’re able to find you the most comprehensive cover at the right prices without trying to upsell or oversell on an insurance you might not need.
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What are the benefits of talking to our team?Flexible payment options Dedicated account managers Out-of-hours contact should you need to make a claim or just have a question A quick and easy, pain-free service An excellent customer experience
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How quickly can you arrange my cover?We can arrange cover straight away giving you peace of mind.
Income Protection
Income Protection is a policy designed to pay you a regular monthly income if you’re unable to work due to illness or injury. It ensures your essential bills and living costs are covered while you recover.
Unlike statutory sick pay or short-term support, Income Protection can provide cover until you return to work, retire, or reach the end of your policy term – whichever comes first.