Life Insurance

What is Life Insurance?

Life insurance is cover that is taken out by a person whose death would financially disadvantage an individual, family or business.  Life insurance benefits are used to pay off debts and to replace future income that would have been generated by the life insured.

Why do you need Life Insurance?

Without adequate life insurance an individual, family or business may struggle to meet all financial commitments.  Life insurance proceeds are used to pay off debts such as home loans and provide an ongoing income stream to the surviving dependants for a particular period of time.  Anyone who is financially responsible for an individual, family or business needs to seriously consider life insurance.