C2 Financial protection needs

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Last updated 12:54 PM on 8/2/26
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5 Terms

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Personal accident and sickness insurance (PAS) provides

Lump sum or income if the insured suffers an accident or falls ill

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Accident, sickness and unemployment insurance (ASU) provides

Lump sum or income benefits if the insured suffers an accident or is unable to work due to sickness, redundancy or unemployment

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Long term care costs can include

domestic help, physical aids, medical services and nursing or residential home care

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Life assurance needed if

potential financial impact resulting from a death

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Chargeable lifetime transfers (CLTs) are

when an individual makes a transfer to a trust (other than absolute/bare or disabled)