Combined insurance

In many situations, it is wise to cover both the risk of premature death and the possibility of longevity. You don’t have to take out two separate life insurance policies for this. Combined insurance is always made up of Endowment insurance together with Term Life insurance. 

The variations

Essentially, there are 2 kinds of Combined insurance:

  1. Combined insurance.
  2. Fixed term Endowment insurance.

What’s covered?

Combined insurance is a combination of Endowment insurance while alive and temporary Endowment insurance in the event of death. Either there is a fixed benefit payout if you are alive at the policy’s maturity date or there is a fixed benefit payout in the event you die before the policy’s maturity date.

Fixed term Endowment insurance always pays out a benefit on a particular date. So this insurance is a combination of Endowment insurance while alive and Endowment insurance in the event of death.

How much is Combined insurance?

The premium for the Combined insurance depends on the variation you choose, the amount you want to be insured for, your financial situation and your personal wishes. It is important to examine exactly what you need and to make sure that you are neither over insured nor underinsured. Our insurance advisors can assist you in creating an inventory based on your wishes and mapping out the possibilities.