Life Insurance
We insure our cars because the law insists and our homes because the bank does. The policy that protects the people we love has no such deadline, so it waits. Meanwhile it is usually the cheapest of the three for what it delivers: a safety net that catches your family financially at the worst moment of their lives.
We have been arranging life insurance in Dubai since 1995, and today we look after families across the UAE and in more than fifty countries beyond it. That reach rests on licences from the Central Bank of the UAE and the Dubai International Financial Centre, the Financial Services Commission in Mauritius, and approvals from ARIF and FINMA in Switzerland. Wherever your life takes you, the cover comes along.
Five kinds of cover, and how to tell them apart
If you want the most protection for the least premium during the years that need it, while the children are dependent or the mortgage runs, start with term life insurance. It pays a fixed sum if you die within the term, costs a fixed premium, and does nothing else. That simplicity is the point.
If you want certainty that your family receives a pay out whenever you die, at any age, whole of life insurance never expires and links your cover to an investment fund, which often lifts the final amount.
Universal life insurance adds flexibility to permanent cover. Pay above the minimum and the difference builds a cash value you can borrow against, draw on, or eventually use to carry the premiums themselves. It rewards an early start.
An endowment plan is a savings programme with life cover built in. You pick the target and the date, a university place, a wedding, a property, and the plan pays out at maturity or on death, so the goal is funded either way.
And because serious illness interrupts income more often than death does, critical illness cover pays a one-off living benefit on diagnosis, when treatment costs rise exactly as earnings stop.
What it actually costs
Less than most people guess. The average cost of life insurance in the UAE for a $100,000 lump sum is around $7 a month. Your own premium depends on age, health, lifestyle and the level of cover, and it only moves in one direction as birthdays pass, which is the practical argument for acting this year rather than next.
How we work
We are brokers, not agents of any insurer. Your advisor compares policies across our network of more than thirty global partners, names like Zurich International Life, Friends Provident International and RL360, and shows you what each one costs against what it pays before you commit. The approach earned us recognition as Most Innovative Insurance Broker in 2022. It also means that when you claim, we answer to you, not to the carrier.
If you are covering more than yourself
Business owners use life cover to settle debts and protect the company from the loss of a key person; for a workforce, group life insurance does the same job at scale. If your thinking runs to inheritance and what the pay out should fund, our advisors work alongside your estate planning, and our piece on trusts versus wills is a plain-English place to start.
