Family Protection

Protect Your Family’s Financial Future

Family protection insurance helps ensure your loved ones are financially supported if you die or are diagnosed with a critical illness.

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We understand family protection

Family protection insurance helps safeguard your loved ones financially if you die or are diagnosed with a critical illness. It provides a lump sum payment or regular income, helping your family maintain their lifestyle and cover essential costs.

Many people take out family protection cover to ensure their mortgage, household bills, childcare, or education costs can still be paid if the unexpected happens.

These are some of the types of cover available for family protection insurance:

Critical illness: provides payouts if you are diagnosed with a serious illness such as cancer or MS.

Life assurance: provides a payout to a beneficiary upon your death. This is a guaranteed lump sum to cover funeral costs and other financial commitments as required.

Family income benefit: provides a monthly or annual income to your family if you die within the policy term.

Income protection: pays you a monthly amount if you are unable to work due to medical reasons.

FREQUENTLY ASKED QUESTIONS

What is family protection insurance?
Family protection insurance is designed to provide financial security for your loved ones if you die or are diagnosed with a serious illness. Policies can pay out either a lump sum or regular income to help cover expenses such as the mortgage, household bills, childcare, or education costs.

At Pangea Life, we help families choose protection policies that suit their needs, budget, and long-term financial goals.
What does family protection insurance cover?
Family protection insurance can help cover a wide range of financial commitments, including:

Paying off the mortgage on your home
Clearing debts or loans
Covering monthly household expenses
Supporting childcare or education costs

A Pangea Life protection specialist can help you choose the right combination of cover, such as life insurance or critical illness cover.
How much cover do I need?
The amount of cover you need will depend on factors such as your income, mortgage balance, family lifestyle, and number of dependents. Many people choose enough cover to pay off their mortgage and replace several years of income.
What is term life insurance?
Term life insurance provides cover for a fixed period, such as 20 or 30 years. If you die during that time, the policy pays out to your beneficiaries. Because it covers a specific period, term insurance is often one of the most affordable ways to protect your family financially.
When should I take out family protection?
The best time to arrange family protection insurance is as early as possible, particularly when you buy a home, start a family, or take on financial commitments. Premiums are typically lower when you are younger and in good health, making it easier to secure affordable cover.