Tag Archives: term assurance

Income Protection Insurance (PHI) – an introduction

by on 8:55 pm in Protection

Many people have heard of income protection – yet many remain unsure exactly what it is and how it can be used to protect their family and themselves.

As the name suggests, Income Protection Insurance, previously known as Permanent Health Insurance (PHI), is a type of insurance which is designed to replace lost income in the event of long term illness or accident.

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Term Assurance – an introduction

by on 12:15 am in Life Insurance

Term assurance is the most basic form of life assurance. As the name suggests, the policy runs for a fixed term.

There is no investment element to a term assurance policy – it is pure insurance – unless you make a death claim then the policy ends at the end of the term and you get nothing back.

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