We can’t control when we pass but we can control what we leave behind and how we look after our loved ones futures. Life Insurance is one of the most important insurance benefits that we need in today’s world in order to protect not just ourselves but our family’s well being and future and minimise the financial impact that death imposes on loved ones.
Life Insurance pays a lump-sum payment in the event of premature death. This money helps you and your family minimize the financial impact of premature death or terminal illness. It is designed to provide peace of mind & security for a wide range of financial committments such as funeral & legal expenses, paying of the mortgage and other personal debt, providing an education fund for children and creating an investment nest egg to generate on-going income for family members and their future.
If you have debts that you would like paid upon your death, or would like to provide for your loved ones when you are no longer here, then Life Insurance is an essential component of your financial planning.
Your need for life insurance will fluctuate over your lifetime, in response to events such as buying a house or starting a family. You want to ensure that your levels of life insurance reflects these changes, so you have the right cover in place at the most important time…claim time.