Life insurance is your financial back up plan for your family. It gives you the confidence to seize life’s possibilities knowing you’ve made plans to secure your family’s future.
Traditional life insurance is sometimes known as death cover, and has actually been around since ancient Roman times – or about 600 AD!
Today, life insurance is much more sophisticated, but the basic concept remains the same: it provides a once-off payment if you pass away or are diagnosed as terminally ill (<12 months left to live).
A life insurance payment can help your family continue to live the life you’ve planned together:
- focus on living life without worrying about finances
- stay in the family home – pay off the mortgage or cover the rent
- keep the kids at their school and make future education plans
- on-going day-to-day living expenses