THE FLORENTE GUIDE · TERM LIFE INSURANCEList who depends on your income
Write down household expenses, debts, education commitments and how long each dependant would need support.
Match cover to the timeline
A family’s needs can change as loans reduce and children become independent. Review the duration and affordability of cover alongside the amount.
Make the policy usable
Keep nominee details current and make sure your family knows where the policy and claim instructions are stored.
The details to put side by side.
Cover amount
List the financial commitments your family would need to meet.
Policy duration
Check the age at which cover ends and the premium-payment period.
Disclosures
Answer the insurer’s medical, occupation and lifestyle questions accurately.
Nominee and claims
Keep nominee details current and share claim contacts with your family.
Start with the responsibilities.
A family with a home loan and a child’s future expenses will have different commitments from someone without financial dependants. List those commitments before comparing cover amounts.
Bring these to your conversation.
- Your existing life-cover details, if any.
- A list of dependants, debts and future commitments.
- Questions about policy duration, premium payments and optional riders.
- Any application or policy wording you would like explained.
Your next step
Use the checklist, review the insurer’s current policy documents, and write down anything you want clarified before you choose.
Open your checklist