You can’t put a monetary amount on one’s life but having a life insurance policy can help ensure your loved ones future is protected.
Do I need Life Insurance?
Not everyone needs life insurance, however, it helps you plan ahead and provide planned long-term financial support for your family when they would need it most.
Help protect your family financially.
We offer a wide range of competitive plans to help you protect your family financially. Our expert team can help you choose and tailor the solution that best fits your needs.
What does Life Insurance cover?
It can pay your dependents money as a lump sum or regular payments. The amount of money paid out depends on the level of cover you buy.
You decide how it is paid out and whether it will cover specific payments, such as mortgage or rent.
Term life insurance policies run for a fixed period of time such as 5, 10 or 25 years. These policies only pay out during the policy, and there’s no lump sum payable at the end of the policy term.
Whole-of-life policies will pay out as long as you maintain the premium payments.
What isn’t covered?
Life insurance does not cover illness or disability. Some life insurance policies provide a terminal illness benefit, although these are not automatically granted.
Most policies have some exclusions but these may be able to be covered at additional cost.
If you have a serious pre-existing health problem when you take out the policy, your insurance might exclude cover related to that illness.