Protect those around you with a policy that covers your debts.
A Life Insurance policy can help your family and loved ones deal with remaining debts. For single people, taking out Life Insurance can be equally valuable, as debts such as unsecured loans and credit cards must be paid off out of the deceased person’s estate.
Life insurance is something most of us don’t want to think about. Discomfort aside, we all know and accept that life comes to an end at some point – we just don’t know when. What we do know, is that with the right Life Insurance cover and policy in place, the financial impact our death can have upon others can be significantly reduced.
In the event of death, Life Insurance cover helps your family maintain their financial position and retain assets by providing beneficiaries with an agreed lump sum. Life insurance generally pays your chosen sum insured upon death, or in some cases, diagnosis of terminal illness. The sum insured is the amount of cover selected by you, and most policies provide worldwide coverage, 7 days a week, 24 hours a day.
Whether you have a family or are a single person with no spouse or dependents, funeral fees and other outstanding bills add up, and eventually need to be paid. While singles may require less coverage than those with a spouse and dependents, Life Insurance remains an essential component of good financial planning. Importantly, Life Insurance can usually be purchased through your superannuation fund and improve your tax position – ask us how.
To find out more call (02) 8268 2900 and speak to one of our Advisors, obligation free.
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