What is Life Insurance?

Life insurance pays a lump sum to the Policy Owner or nominated beneficiary in the event of your death.

The features of Life Insurance

include but not limited to:

• cover costs such as funeral expenses, legal fees associated with the implementation of Wills and Government charges
• repay debts such as home mortgages and personal loans
• provide a lump sum to replace income. The lump sum can be used to establish an income stream to support family/dependents.
• provide for the ongoing need to provide housekeeping and child minding in the event of premature death. The lump sum can also be used to generate replacement income for a spouse in the event they take time off work.