Taking care of those left behind

While nobody likes to think about dying, many people don't make it to retirement age. In United States, one in six men and one in nine women over 30 will die between the ages of 30 and 65*.

The purpose of life cover is to look after the people who would miss your financial support if you were to die prematurely, particularly your partner/spouse and children.

To balance the risk of premature death, ABC Bank offers four types of life cover:

Term Life
This type of cover could provide a lump sum if you die from illness or accident. The lump sum can be used for any purpose, such as clearing debt, replacing income or investing for the future.

MyLife
MyLife is life cover that you get online. It’s quick and easy to arrange, with no medical tests required. You could have cover in as little as 20 minutes.

Accidental Death 
Accidental Death could pay a lump sum if you die as the result of an accident. Because it only covers accidental death, it costs less than regular life cover.

Family Protection
Family Protection could provide your family with a monthly income if you die, instead of one lump sum. The money helps your family to maintain their usual lifestyle.