Empire Life Insurance Review

Empire Life has a mission to help you build your wealth and finance in a way that it will offer you security in the future. They have a number of products including life insurance, investment options as well as group life and health benefits.

There are currently only two products that they offer that can provide protection for both you and your family if anything life-threatening was to happen.

The dominant and main product is the life insurance plan. First of all you can rest assured that all the sum you get paid will be tax free, as with any life insurer that pays out. There are five different plans for you select from known as Term insurance, Hybrid life insurance, Whole life insurance, Universal life insurance, Participating life insurance.

I had a look at their Term Insurance as it is a very common policy that people take out. I learned that they offer two products to choose from known as Solution 10 and Solution 20. The term for each plan is implied by its name. An advantage that I really liked is that your rates can freeze at a certain age, up to your 100th birthday.

In my opinion the term insurance would be great for families looking to start a new mortgage, business owners who need to cover several costs like overheads and start-ups, and many more.

Moving to the second main product is critical illness insurance. What’s really good about this is that they offer three plans; Vital Link 10, Vital Link 75 and Vital Link 100. Basically if you ever suffer from a critical illness and is unable to work, you will be provided with a sump sum of cash that is tax free to help you with the treatment and also pay for other things to help you keep going.

According to what I’ve read, it seems to me that this cover is great for hard workers that are worried about health problems. This is also suitable for business that doesn’t want to risk losing a key employee due to an illness. No matter what your reason is, the main thing is that you will be able to protect your lifestyle if illnesses like stroke, cancer and heart attack every strikes.

For business and organisations that want to take out group benefits, there are also several that are available. Empire Life offers an extensive list of benefits like health care essentials, disability benefits and travel emergency assistance.

Empire Life Insurance has been rated 4.5 out of 5 by Insurance Reviews.