Life Cover

Nobody likes to think about it but it is a reality that things don't always go to plan. In the blink of an eye your whole world can be turned upside down with the death of a loved one. Naturally it is an extremely emotional and heart wrenching time for those closest. Unfortunately with that, comes the financial pressures of not being able to meet the repayments on the family home, being unable to afford the school fees or even food on the table.

Solution:

Life cover, provides a lump sum in the event of death, this can provide an ongoing income for the family left behind. This ensures that your family are able to afford the mortgage and the cost of raising the children in the way that you have always intended. This ensures that you are able to maintain your current lifestyle.

Case Study:

Mark, 37, was a married father of one and an IT salesman. His job required a regular amount of travel, both locally and nationally, but he didn't mind - he enjoyed his work, and thrived on the challenge of closing a profitable sale, especially now that he had a mortgage and a daughter about to enter primary school.

After returning to his hometown following a week-long sales conference, Mark was at the airport flagging a taxi when he went into cardiac arrest. Despite the paramedics' best efforts, Mark was pronounced dead before the ambulance reached the hospital.

Because of Mark's Life Cover Policy, his wife received a lump sum amount of $525,000. This money enabled her to take some time away from work, and pay for the immediate funeral costs.
It also meant that she could eliminate the mortgage, and create a trust fund for her daughter.

The information is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product.