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Life Insurance How would your dependents cope without you? Life insurance is designed for those with families, business or other financial responsibilities.
In the event of death, Life insurance can help you pay off your mortgage and other debts, in addition to meeting ongoing living and educational expenses. As a consequence you can be sure your family will continue to have the lifestyle you have worked so hard to build. Life insurance pays a lump sum (or a monthly income) on your death or if you’re diagnosed with a terminal illness that leaves you with fewer than 12 months to live. |
Features If you are diagnosed as being terminally ill and likely to die within 12 months, an early payment of your Life insurance benefit can be arranged. This means you won’t need to spend your remaining time worrying about money.
Life insurance can pay an immediate lump sum of up to $15,000 to help with funeral expenses. Your insured amount can be easily altered as your needs change. For example, if you buy a house or start a family, some insurers allow you to increase your cover without having to provide additional medical information. When you pay off your mortgage or your children become independent you can decrease your cover immediately. You can opt to have your cover adjusted each year with inflation, to keep your insured amount in line with the rising cost of living. |
Who is paid Life insurance can be paid out to the policy owner - any person or entity you nominate.
Alternatively, you can own the policy, in which case the policy proceeds will form part of your estate and will be dispersed in accordance with your will. |
For advice or help, talk to an experienced adviser.
If you believe that life insurance is the product you need, arrange a consultation with one of our advisers. We will help you decide if this is the right insurance for you and how much cover you will require. |
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