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At Nobel Thomas, we are with you for life. Gain peace of mind in knowing we got you covered.
Term Life Insurance
Term Life Insurance is usually the cheapest type of life insurance. This is because term insurance is temporary insurance. There is a specific premium for a set number of years, and when the term is over, the policy ends. Term Insurance policies usually come in term lengths of 5, 10, 15, 20, 25 or 30 years.
Whole Life Insurance
Whole Life Insurance is, by definition, a policy for your entire life. Whether you live until the age of 58 or 108, as long as you pay your premium each year, you are guaranteed to have coverage in force for life. Whole Life Insurance provides a death benefit, which can be increasing or level, as well as a cash value account.
Variable Life Insurance
Variable Universal and Whole Life Insurance differ from a standard Universal or Whole Life policy because instead of your cash value account being based on the investments of the insurance company, it is based on your own investments in the market. You choose where the investment portion of their premium will go.
Critical Illness Cover
Sometimes even the healthiest people are diagnosed with illnesses they have little chance of preventing – like cancer. Critical Illness benefits are paid regardless of the life insured’s ability to work. The funds can be used for any purpose the Policy Owner chooses, whether for the reduction of debts, to seek specialist or alternative medical treatment, or make lifestyle changes (such as reducing working hours).
Total and Permanent Disability (TPD) Insurance
Total and Permanent Disability (TPD) insurance is an optional extra on Life insurance that protects your financial security if you’re never able to work again because of sickness or injury. TPD insurance helps you get on with your life and rehabilitation without having to worry about money. It pays a lump sum of up to $5 million that can be used to eliminate debts, pay out-of-pocket medical expenses and help you get any ongoing care you may need.