About Fortis Life Insurance

There are two different plans in the Fortis Life Insurance program, the Fortis Life Cover and Your Life Plan. One of these plans is a sure to be a fit for your lifestyle and family budget as well.

The first of the two plans offered by Fortis Life Insurance is the Your Life Plan which is a menu plan that means it offers critical illness coverage, term assurance, family income benefit and family income protection. If all you need is one type of coverage than that's all you choose or you can create a complete package.

The Term Assurance plan aims to pay a lump sum if the person covered dies or is diagnosed with a terminal illness. The Critical Illness with the Term Assurance plan offers to pay a lump sum if a covered person dies, is diagnosed with a terminal illness or is diagnosed with a critical illness. The Family Income Benefit plans to pay a monthly benefit if the person covered dies or is diagnosed with a terminal illness. And Income Protection is set up to pay a monthly benefit if the person covered cannot work because they are incapacitated by illness, injury or disability, or they are providing full time care for their children who are incapacitated.

Fortis Life Insurance Company has taken a hard look at its types of coverage and we've asked customers what it is they really need from them and tried to make sure our plans cover what they need.

One thing that we realized is that so many people would benefit from an Income Protection plan in addition to their Critical Illness Cover however they feel as if taking out both covers is just too expensive. In order to accommodate these people who feel they need both covers but just cannot afford them Fortis Life Insurance introduced Temporary Disability as an option in the Critical Illness Cover. This will give the person short-term income protection if they cannot work because of an injury or illness even if their condition is not listed on the critical illnesses that this insurance company covers.

Fortis Life Insurance Company also offers real life cover which is slightly different than life insurance coverage. People take out life insurance policies to make sure their families do not have to struggle financially after they die. However statistics show that while we're under the age of 65 we are more likely to be out of work for six months or more with an illness or an injury than we are to die. Life insurance is worthless at that point because they won't pay for anything if you're simply out of work.

Real Life Cover combines life-insurance which income protection in limited critical illness coverage all in one plan. However it only covers you for items that are most likely to stop you from earning a living or caring for your family. Therefore you pay less than you would if you bought life-insurance with traditional income protection and critical illness coverage.