Life Insurance (death cover) can help your dependants cope financially should you pass away. It pays a lump sum in the event of your death, which can be used to:

Pay off your mortgage or any other debts that may affect your family’s financial future;

Cover funeral costs;

Pay for child care or home help to aid the surviving spouse; and

Provide a lump sum reserve in order for your family to generate a replacement income stream should the surviving spouse choose not to return to work.