Direct Purchase Insurance (DPI) are term and whole life insurance products that you can buy directly from a life insurance company, without paying a financial advisory (FA) representative. As DPI is sold without financial advice, no commission is charged, and you pay lower premiums as a result.
DIRECT – Term Life insurance is a pure protection insurance plan . This means there is no cash value, no surrender value, and no investment or savings component. Typically, this type of insurance covers policyholders up to a certain age, and the payout is made if the policyholder dies.