Zurich Life Insurance is a type of life insurance policy that provides you with financial protection in the event that you experience an unexpected event such as death, disability, terminal illness or serious injury. It is designed to help protect your loved ones in the case of such an event, and to make sure that your financial obligations are met, even if you are no longer able to work or provide an income.
Here's how Zurich Life Insurance works:
You decide how much coverage you need and how much you would like to pay for it. Most basic plans will offer a payout of either the face value of your policy (the amount you decided on when you took out the policy) or a multiple of your salary.
Once you’ve agreed on a policy, Zurich will provide you with paperwork that outlines the terms and conditions of the policy.
Once your policy has been activated, Zurich will pay out a lump sum or monthly payments to your loved ones in the event that you are no longer able to work due to one of the events stated in the policy.
If you die or become disabled due to a covered event, insured family members or beneficiaries can receive a one-time or recurring payment from Zurich until they achieve financial stability of their own.
For those who are over 50 or at risk of developing serious medical issues, Zurich offers additional coverage known as Critical Illness Insurance. This pays out if you develop a serious medical condition listed in the policy which requires long-term care.
Overall, Zurich Life Insurance can provide you with a sense of financial security for your family in the event of an unexpected event, helping to remove the financial burden of providing for them in such an event.
If you would like to find out more about Zurich Life Insurance, you can contact Zurich directly or speak to an independent financial adviser who will be able to guide you through your options.
