What happens when your primary income stops?
Life insurance pays a lump sum in the event of your death, protecting your family from the often-overlooked effects of a family member passing away.
Life insurance can be used to cover mortgage repayments, outstanding debts and other costs or commitments incurred prior to the loss of the primary income. Most policies have a terminal illness benefit that offers advance payment of the primary death benefits following the diagnosis of a terminal illness, where death is likely to occur within twelve months. The level of cover required is influenced by a number of factors including savings, debts and lifestyle.
Our Financial Adviser will work with you to evaluate the amount you would need to pay out based on your liabilities while providing for the future expenses of your family.