The term ‘life insurance’ is a blanket term to include all different types of personal insurance such as Life Insurance, Death Cover, Total and Permanent Disability (TPD), Income Protection, and Trauma cover. For the sake of this section, we are referring to a ‘death’ policy or ‘term life’ cover.
As morbid as it is to think about, if you passed away, would your financial affairs be in order, or would your family find it difficult to pick up where you left off? Life insurance, also known as death cover, gives your family greater options during their time of grieving. Having a term life death policy can provide additional income for them if needed, pay off your debts and give you an appropriate funeral. Have you had a review recently?
To find out how much cover you need, take us up on a complimentary appointment.