Every person has an economic value in life, which is connected to the income potential of the individual. But what will happen to the flow of this income should you die or suffer from a long-term disability? Simply the answer will be one of the following:
And the results are serious financial consequences for the family. They may even be forced to sell the family home or the business which have spent years building up to meet the loan commitment.
NGI – Life Loan Protection, which can be used to repay the home or business loan and gives the family time to re-adjust and rebuild.
As the insured gets older and the level of cover decreases approximately in line with the reduction of the loan capital outstanding through the term of the loan.