Zurich Life Insurance

Zurich Life is part of the financial services provider Zurich Financial Services Group which specializes in insurance-based services. The group was established 1872 and since then, it has been able to provide its customer base with excellent insurance services. It has been in existence for well over a century now and it continues to excel in the field of life insurance. The headquarters of the group is in Zurich, Switzerland and it currently employs around 60,000 employees who work in 170 countries all over the world.

Life Assurance

As a life insurance provider, Zurich Life offers a variety of services. This includes investment plans, protection, and pension, to name a few. The company promises to give its customers the peace of mind they deserve by providing them with excellent coverage plans. Zurich Life guarantees the future of their customers by helping them with a variety of their financial needs. Not only do they give financial protection for their customers but also, they provide them with the advice the need to confidently face the future that is ahead of them.

Policies Explained

Zurich Life customers need not fear the potential financial problems that may be brought about by an untimely death of a family member or any other similar situation which may lead to economic difficulties for the entire household. Through a fine set of protection plans, Zurich Life assures the financial future of their members.

• Life assurance: Zurich Life’s life assurance plan provides a lump sum payment to the beneficiaries in the event of the untimely death of the policy holder. In the instance that the policy holder is diagnosed with a terminal illness (i.e. less than 1 year to live), the company will provide the cash benefit early to allow the families to plan out their finances. Furthermore, the life assurance policy can also be used by policy holders for the purposes of inheritance tax planning.

• Critical illness: The critical illness program of the company also provides a lump sum payment for the beneficiaries should the policy holder be diagnosed with an illness. The company gives policy holders a list of covered illnesses on the onset of the agreement and should they be diagnosed with a condition that is on the list, Zurich Life will definitely provide their beneficiaries with the specified lump sum payout.

• Mortgage protection: This program provides a cash payout to the beneficiaries if the policy holder dies while within the plan’s term. Other instances that will also require the cash benefit include a specific operation or when the policy holder becomes critically ill. Throughout the term, the coverage will decrease on a monthly basis until it reaches zero at the end of the program’s term.

• Income protection: The policy holders of this particular program will be provided with a monthly income in the event of an acquired disability. If the policy holder is no longer able to earn a living because of the said disability, then Zurich Life will provide the beneficiaries with a monthly payout to ensure that they will still be able to survive financially.