Life Insurance AMP – Tailor Made to Suit Your Needs
Life is full of uncertainties and you never know what it will throw at you.
However, during such times, you find solace in the fact that someone has your back.
Life insurance AMP offers you a safety net and a refuge during those tough financial times. It also ensures that your family and loved ones will not suffer when you’re gone.
The good thing about AMP is that they have products designed to fit your own specific needs because people have different insurance needs and obligations. Their products can make a huge difference in your life.
Features of AMP life insurance cover
Lump sum payment
The lump sum payment is paid to your beneficiaries upon death. This payment comes in handy to help pay for large debts like mortgage payments, medical expenses, credit card debts and other financial obligations you may have. Your partner and children will also be left with money to move on with their lives comfortably when you are longer there to provide for them.
AMP pays an advance of 15,000 dollars to help cater for urgent costs such as funeral arrangements and pending medical bills.
Terminal illness benefit
If you are diagnosed with a terminal illness and you have 12 months to live, a terminal illness benefit is provided as advance payment.
Increase cover feature
As life progresses, you get more financial obligations; like say when you marry, have children or buy a home. One advantage of holding an AMP life cover is that it also grows with you. In addition, the increase cover feature does not require you to provide further health information. Visit us to know more.
Features of life track life cover
Level life option
Under this option, your premium payments are leveled and remain the same throughout the life of the cover. You are also at liberty to choose when you want to stop making payments.
Level life premium refund
This policy allows you to get a refund on some or even your entire premium once you have attained a particular age.
You can opt to bundle up or link your cover with a vital plus crisis cover and disability cover. Policy holders get special discounts on a linked cover.
There are certain events in life, including marriage, buying a home or having children that come with greater financial obligations. Once this happens, you can choose a cover increase to keep up with changes in your life. You need not provide extra health evidence when applying for this cover. Read: How to prove No Claims Discount on car Insurance
Benefits of life insurance AMP
Alongside these features, a life insurance package at AMP comes with a cooling-off period of 30 days. People between the ages of 16 to 60 are eligible to apply. Policy holders are covered until the age of 70. The life insurance policy protection benefit can go up to 1,000,000 dollars. With the advanced funeral payments you do not need to foot the bill for emergencies and funeral costs.