If you
Are married or in a defacto relationship: Let your family live in the lifestyle they are used to without struggling to meet living costs.
Have a mortgage: Who would pay the mortgage if you died?
Are a single parent: Who would look after your children financially?
Are a stay at home parent: Your partner may have to leave their job to look after the children or pay for child care and a housekeeper.
Have adult children and you are debt free: Cover the cost of your funeral. Let your partner maintain the lifestyle you currently live. Leave a small inheritance for your children.
Have parent(s) that depend on you financially: Insurance would mean that your parents would continue to be looked after if you were to die before them.
Are single: Look after children who don't live with you, financially when you die. Make sure your family isn't left with debt. Cover the cost of your funeral.
Own your own business: If you are the key person in your business your life insurance could be used to repay debt or replace the income lost whilst your business get back on it’s feet without you.
Life insurance paid out as a lump in the event of your death or terminal illness. This allows family and dependants to be financially secure in the event of your death. This may be useful to pay any debt such as your mortgage and funeral costs. Anything remaining will be paid out according to your Will.
It is important to note that there is a suicide exclusion imposed for the first 13 months of when you commence a policy.
Life insurance paid out a regular monthly payment in the event of your death or terminal illness for a specified period of time. This allows family and dependants to be financially secure for several years afterwards in the event of your death. This may be useful to pay some living expenses, extra childcare costs and a childs education.
You may like to have a mixture of some lump sum life insurance to cover your debts and a monthly benefit life insurance to cover your lost income to your family.
It is important to note that there is a suicide exclusion imposed for the first 13 months of when you commence a policy.
This will depend on a number of factors:
The type of insurance you take out
How much cover you need
Your past & current health status
Your age
Your gender
Whether or not you smoke
Don’t compare different companies’ policies by their price. Look at the details of the policies.
We can help you compare the different companies policies by benefis and price as well as determine the amount and type of cover that is right for you. Contact us now
Accidental Death Insurance covers you for death by accident.
Accidental Death Insurance is a low cost alternative to term life insurance and is ideal for those who don't want to pay as much in premiums or who don't qualify for other life insurance policies on medical grounds.
Accidental Death is usually defined as 'a single, sudden, unintended event that causes you bodily injury resulting in death'. The injury must be solely and directly caused by a sudden, violent, accidental and visibleevent. Accidental Death does not include things like death by an illness, disease or suicide.