Assupol has been a provider of life insurance since 1913, which gives them enough experience to underwrite a full range of life insurance products, which include funeral cover, life insurance, group cover, investment and retirement policies. They also provide car and home insurance making them a one stop financial services shop.
Assupol funeral cover
The funeral cover offered by Assupol allows policyholders to cover themselves and their family. That is, the funeral cover pays out a lump sum on the death of any member of the family to cover funeral expenses. Members may include spouses, children (including adopted and step children), parents, spouse’s parents, uncles, aunts, sisters, brothers, nephews and nieces. What’s more, Assupol’s funeral cover includes accidental death cover.
In the event that the policyholder (or other member on the policy) of the funeral cover dies as a result of accident, then the funeral cover pays a lump sum, as it would in the event of a life insurance policy. The Family Income Benefit option not only pays out a sum for funeral expenses, but also pays 10% of that lump sum for a period of 6 months after the death of the principal member as a sort of income protection. Other benefits include premium waivers and cashback bonuses.
Assupol life insurance
Like other life insurance products on the market, Assupol provide cover in the event of death, dread disease and disability. It also includes accidental death. Unlike other life insurance companies, Assupol fix premiums for a period of five years and allow you to use the policy as security for a home loan. Their range of life insurance products cater for different insureds, and can include various options such as funeral cover and cover increase (commensurate to increasing costs of living). Various policies will require medical exams.
Assupol investment options
More than just a life insurance company, Assupol also give provide investment products which allow you to save for your future and children’s education. The investment portfolios requires a monthly payment and allow insureds to draw on the policy every five years (depending on the policy). These premiums can be increased to make up for the increasing rate of inflation.
For more information on Assupol’s products, visit their website, alternatively, fill in our online form to compare a range of long-term insurance products.