Life Insurance

Term life insurance policies run for a fixed period, for example 10 or 25 years, and only pay out during the policy. There is no lump sum payable at the end of the term.

Whole-of-life policies will continue and pay out for as long you maintain paying the premium.

Life insurance works like a safety net for your loved ones after you’re gone. You pay the insurance company a regular amount (called a premium) in exchange for a guaranteed payout (called a death benefit) to your beneficiaries when you pass away.

This money can help them cover things like everyday expenses, mortgage payments, and even their children’s education, giving them time to grieve and adjust to their new life without the added stress of financial burdens.

You can customize the amount of coverage and the length of the policy to fit your family’s specific needs. Basically, it’s a way to plan ahead and ensure your loved ones are financially secure even when you’re no longer there.

Life insurance isn’t just about safety, it’s a smart financial move. It helps your family in two big ways: First, it can replace your income, so they don’t have a financial gap after you’re gone. Second, it can pay off any debts you leave behind, giving them a fresh financial start.

For an accurate estimate, please contact our team of expert advisors who are ready to help.

Considering how long your family will depend on you financially is key. This could be until your children are grown or your spouse retires.

While there’s no perfect time to get life insurance, keep in mind it generally gets more expensive as you age. Life events like buying a house, getting married, or having kids are all good times to consider it, as they often mean you have loved ones depending on you financially.