Critical illness insurance

Critical Illness is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.

Exchange-Traded Fund (ETF)

An ETF, or exchange-traded fund, is a marketable security that tracks a stock index, a commodity, bonds, or a basket of assets. Although similar in many ways, ETFs differ from mutual funds because shares trade like common stock on an exchange. The price of an ETF’s shares will change throughout the day as they are bought and sold. The largest ETFs typically have higher average daily volume and lower fees than mutual fund shares which makes them an attractive alternative for individual investors.

Life Insurance Needs Analysis

A life insurance needs analysis takes into account your current assets and liabilities as well as your existing insurance portfolio, to calculate how much life cover your family will need in the event of your death.

By performing a needs analysis you can ensure that you are not under or even over insured for your particular life stage. It is important to mention life stage because it impacts significantly on your cover amount. For example, a 22 year old without a family needs less life insurance than a married 35 year old with 3 children and elderly parents to look after. 


Permanent life insurance is an umbrella term for life insurance plans that do not expire, unlike term life insurance, which promises payment of a specified death benefit within a specific period of years.

Typically, permanent life insurance combines a death benefit with a savings portion, allowing policies to build a cash value, against which the policy owner can borrow funds or, in some instances, withdraw cash to help meet needs such as paying for a child's college education or covering medical expenses.

The two primary types of permanent life insurance are whole and universal life insurance policies.

Term Life Insurance

Term life insurance is affordable coverage that gives you flexible protection. Your insurance costs will remain the same for a specific period of time (the "term"), until it renews for another term, at which point the policy will renew at a higher rate. If you die while the policy is in effect, a tax-free payment will go to the person or people you name (your "beneficiaries"). And with most term policies, you can also convert your coverage to permanent insurance regardless of any changes to your health, occupation or lifestyle.