Zurich Term Life Insurance

Zurich

The Term Life Insurance Cover offered by Zurich will pay out a lump sum benefit if the insured dies, is diagnosed with a terminal illness, or becomes totally and permanently disabled.

Zurich offers a wide range of term life insurance cover options. These policies will pay out a lump sum for any of the following reasons based on the insured’s situation, including for:

  • Death
  • Diagnosis of a terminal illness
  • Becoming totally and permanently disabled
  • The enduring of trauma such as a heart attack or stroke

Should more than one of the above incidents occur, the policy will pay out for the first of these occurrences.

The term life insurance lump sum benefit payment may be used for whatever purpose is chosen by the insured or their nominated beneficiary – including for investment to meet the future needs of the insured’s dependents.

Regardless of the use of the lump sum benefit, these funds can allow the repayment of debts, provide an income for dependents or for the insured, protect the insured’s business if he or she owns a company that they can no longer personally operate, or provide a cash deposit to the estate of the insured which could essentially prevent other assets from being sold for the payment of the insured’s final expenses.

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