Fortis Life Insurance

Fortis Life Insurance

Life insurance is the only remaining active entity in what was once one of the largest businesses in the world. Before selling most of its subsidiaries in 2008, Fortis used to be very successful not only in insurance, but in other financial fields as well including banking and investment management. Sadly, the global financial crunch forced them to sell a majority of their parts. However, their insurance leg continues to thrive in the market which is only testament to the excellent service Fortis Life Insurance is able to provide.

Real Life Cover

This life assurance company basically only has two products – Real Life Cover and Your Life Plan. Both programs are designed to protect not only the policy holders, but also the future of their beneficiaries.

Fortis Life claims that it is more likely for individuals under 65 years of age to suffer from illnesses than they are to actually die. These medical conditions may cause some sort of disability which might hinder individuals from earning a living. In such instances, it would be ideal to opt for a critical illness or an income protection program. However, the high premiums involved for both policies simply mean that not everyone can afford to pay for these types of programs.

According to Fortis Life, the answer to this dilemma is their Real Life Cover policy. This program is a combination of critical illness, income protection, and life insurance all in one policy. What’s even better is that it comes at a much more affordable rate. The secret here is that this policy only covers those things that are “essential” (according to the company, at least) which translates to cheaper premiums for policy holders.

Your Life Plan

On the other hand, the company also offers another policy which they call the Your Life Plan. This program also functions much like an all in one policy that is able to cover more than just one area of the policy holder’s life. This plan offers income protection, family income benefit, critical illness cover, and term life assurance. Policy holders can opt to buy just one of these policies or get them all, depending on his needs. Whatever the case may be, the great thing about this policy is that there’s only one simple application process involved.

However, mixing and matching isn’t the only benefit of the Your Life Plan. Fortis Life has gone a step further in ensuring the quality of their service by taking a fresh approach for their products. The company did a lot of research on their customer base to understand their needs in order to provide them with only the “important things.”

As an example, Fortis Life has introduced a program called Temporary Disability. This is an option that’s part of their Critical Illness Cover which provides policy holders with temporary income protection in the event that a disability hinders them from working and earning a living. The advantage here is that the illnesses covered by the Temporary Disability program are much more comprehensive than that of the actual critical illness policy. GP