Life insurance provides a lump sum payment to a beneficiary, third party or an Estate in the event of your death. It would also be normal for all or part of the benefit to be paid should you be diagnosed as terminally ill with less than 12 months to live.
The lump sum could be used to pay off debts, provide an education fund for your children or could be invested to generate future income for your family.
Apart from the emotional stress, little or no life insurance could plunge those left behind into a financial crisis. Life insurance is a simple and cost effective way to protect your family or dependants financially in the event of premature death.
© 2007 - Her Life Pty Ltd is an Authorised Representative No. 313904 of Guardianfp Ltd trading as Guardian Financial Planning ABN 40 003 677 334 Australian Financial Services Licence No. 237641
