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LIFE INSURANCE
WITH ALFRED

Plan Wisely and Live Happily

Best possible value for your money

Only the most reliable insurance companies

Dedication to claims service

Your own personal advisor to help you decide

OUR LIFE INSURANCE PARTNERS

One size does not fit all. We work with the Leading Life Insurance companies in the UAE to tailor the right policy for you.

InsuranceMarket.ae offers a composite suite of insurance and savings products to both corporate and individual clients from a various international and domestic product providers.

As a ‘One Stop Shop’ for you, InsuranceMarket.ae deals with top notch and the most reputed World Class Insurance companies like Zurich International, Friends Provident International, Metlife, Salama and many others, whose financial ratings are robust and top rated by Forbes, Standards and Poor’s, Fitch & Moody’s.

We strive to deliver bespoke insurance solutions to meet various needs of our clients, whether as an individual, family, group or a corporate.

BENEFITS OF LIFE INSURANCE

Every individual’s circumstance is different – so are the needs in their life. For some it is important to establish a home, a business, to raise their family with the finest of standards, and to secure themselves and their family against illnesses and death.

Most people are confused by Life Insurance. Buyers are often mystified by its complexity, structure and pricing. In fact, most people are not comfortable with the entire subject of Life Insurance, but it is too important to the financial fabric of the family and business to be ignored.

Provide a guaranteed income and financial security for your loved ones

To provide for the illnesses when you need it most

Purchase an interest in a business

Build up a policy value over time

Protect the financial future of your dependents

Buy a piece of property

Leave a legacy

Pay a debt

Life Insurance is often the ONLY way the owner of the policy can provide money to meet these needs.

LIFE INSURANCE WITH ALFRED

Life Insurance is a process of making advance provision for financial needs that will arise in the future. The objective is to ensure that the right amount of money is available in the right hands at the right point in the future to achieve an individual’s financial objectives.

For example, it may be necessary to save for many years to create an adequate income in retirement. Parents may feel the need to make financial provision for their family if either dies young. Equally, people who are already wealthy may need to take financial planning steps now to ensure that their assets, including family businesses, pass without difficulty or additional charges from taxation to their, chosen heirs.

Life Insurance is protection against financial loss that would result from the premature death of an insured person. The beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The death benefit is paid by a life insurer in consideration for premium payments made by the insured.

Provision of family income in the event of the income provider’s illness or death

Accumulation, preservation and investment of wealth

Survival of businesses from one generation to another

DIFFERENCE BETWEEN TERM ASSURANCE AND WHOLE OF LIFE INSURANCE

Term Assurance

Some Life Assurance policies are designed to meet temporary / short term Life Insurance needs. A term assurance policy provides protection during the fixed policy term ranging from a minimum of 5 years to a maximum of 35 years. There is no investment or saving element as the core purpose would be for pure protection. Such policies usually come with monthly or yearly premium payment options and premiums are paid throughout the term of the policy.

Whole of Life plan

The plan term is open ended, hence continues throughout the lifetime of the life assured. The sum assured is payable on the life assured’s death. Here the premiums could be paid monthly, quarterly, half yearly or yearly for as little as 7 years and as long as whole of life. These plans usually contain an investment element, and will provide increased cash value alongside funding for the cost of future benefits throughout the life of the insured. Protection benefits would be the prominent benefit under this plan.