This is one of the most simple but important types of insurance you can have. It protects your loved one’s futures by providing them with a lump sum payment if you pass away, or are diagnosed with a terminal illness.
Why do I need it?
Can your family pay the mortgage without you? Could they take time off work and look after you if you’re terminally ill? What about funeral costs? This lump sum can help reduce debt, pay for final expenses, create an investment fund to generate ongoing income, enable business ownership to be restructured or provide an inheritance or donation, amongst other things. The purpose of the funds is entirely yours to decide. Life insurance is your way of looking after your loved ones when you’re gone.
