Life Assurance is designed to cover your beneficiaries, heirs or family in the event of your death. You can choose how much cover you wish to leave for them and the period of time you wish the policy to cover them for. This premium can be paid on a monthly or annual basis and will continue for as long as you are paying into it. Risk related pastimes, employment and a family history of certain conditions may alter your policy and the amount of cover available to you. Find out more about lifecover exclusively for Gibraltar residents.
Lifestyle Protection Insurance is designed to pay you benefits if circumstances arise in which you are unable to work due to illness or accident. Our policy offers a number of advantages including sickness, accident and unemployment insurance as well as Personal Accident and Sickness (PAS).
Here’s why our IPI policy is worth considering:
- As a policyholder, you are entitled to benefits when you become incapacitated, which continues until the deferred period has finished i.e. death, recovery of health or end of the contract.
- Your benefits are tax free and will be paid regularly, on a weekly or monthly basis.
- The insurance company is completely unable to refuse, renew or cancel your policy unless you stop paying your premiums
- You may be able to avoid the premium option. In this instance, benefits will still be paid from the policy but policy cover will continue as normal.
We can add Critical Illness Cover to your life insurance policy or you may purchase it as a separate product. This will cover you if you become ill from a life-threatening condition and a lump sum will be paid out to ease the inconvenience of your incapacity. Most insurances cover between 27 and 34 major conditions.