Frequently Asked Questions

Life insurance is a simple way to help provide some financial support for loved ones that depend on you. A life insurance policy allows you to leave behind a lump sum amount that could be used by your loved ones to pay tax bills, final expenses and other debts after you pass away. It could also be used as a gift. Depending on your age, you could apply for up to $1.5 million of coverage.

Cover Direct Family Life Insurance allows you to get coverage quickly without a medical test. You can apply online or over the phone. Once approved, your loved ones will receive a lump sum payout in the event of your death, helping cover debts, final expenses, or other financial needs.

Cover Direct Family Life Insurance does not cover suicide within the first 24 months of your policy. It also does not cover events or claims outside the terms outlined in your policy. Optional coverage, such as critical illness or children’s coverage, may have additional exclusions.

Generally, the younger you are when you take out a life insurance policy, the cheaper your premiums could be. You can apply for larger benefit amounts when you take out a policy sooner rather than later. However, the decision to purchase life insurance depends on your personal circumstances and needs. Please contact us if you would like to discuss this further.

While you may have protection through your employer now, if you leave your job for any reason in the future your coverage may end, and you could be left without any protection. Because of this, you might want to consider taking out your own life insurance policy.

You will pay monthly premiums for the duration of your coverage. If you cancel your life insurance policy, you will no longer pay premiums. If you cancel your policy more than 30 days after the start date, you won’t get anything back.

With the right coverage in place, you can help protect your loved ones from inheriting your debt when you’re gone. The cash amount could be used to help cover tax bills, final expenses, and outstanding debts. It could also be used as a gift to help keep life on track for your family if the worst should happen.