Life insurance advice for families, founders and individuals with people depending on them.

This depends on income, dependants, debts, education costs, assets, business commitments and how long protection is required.

Term insurance is often suitable for defined liabilities such as mortgages or child dependency periods. Whole life or permanent cover may be considered for longer-term estate or liquidity planning.

Yes. Founders and business owners may need personal cover, key person cover or shareholder-related planning depending on the structure.

Yes. Marriage, children, property purchase, business growth, relocation and changes in health or income can all affect suitability.

Term life insurance provides a lump-sum payment if the insured person dies during a selected policy term, such as 10, 20 or 30 years. It is often used to protect a family against loss of income, outstanding mortgage debt, education costs or other financial responsibilities if the insured person dies unexpectedly. Unlike whole of life insurance, term life insurance usually does not build cash value. Its main purpose is protection.

Term life insurance is often considered when the client has defined financial responsibilities that will reduce or end over time, such as a mortgage, young children, education costs, business debt or a period of income dependency. It is usually more affordable at younger ages, so clients often review it before age, health or family responsibilities change.

Term life insurance provides protection for a fixed period. Whole of life insurance is designed to remain in force for life, provided premiums continue to be paid. Whole of life policies are usually more expensive than term life policies because they are designed to provide permanent cover and may build cash value over time. The right structure depends on the client’s objective, such as family protection, mortgage protection, estate planning, legacy planning or business continuity.

Level term life insurance provides a fixed sum insured for a fixed policy term, with premiums usually designed to remain level during that period. It is commonly used for income replacement, family protection and fixed liabilities.

Decreasing term life insurance provides a death benefit that reduces over the policy term. It is often used for mortgage protection or reducing debts, where the liability being protected is expected to decrease over time.

Increasing term life insurance is designed so that the sum insured increases over time, often to help address inflation or rising family protection needs. Premiums and availability vary by insurer.

Usually no. Term life insurance is primarily designed for protection and generally does not build cash value. Clients looking for savings, investment-linked or permanent estate planning features may need to consider other policy structures, subject to suitability and advice.

Some policies may allow additional riders or benefits, such as critical illness, terminal illness, disability waiver, accidental death or other supplementary benefits. These should be reviewed carefully because definitions, costs and claims conditions vary by insurer.