What is life insurance and why might you need it? We give a brief overview of the types of life insurance available in Australia and why it can be a handy thing to have.
The purpose of life insurance is to provide you and your family with a financial security if you were to pass away, become terminally ill, or in some cases if you become unable to work. Depending on your policy, life insurance can pay a benefit in events such as your death, disability or upon being diagnosed with a specified illness.
Life insurance includes multiple different types of cover, which can be bought separately or bundled into one policy.
Life cover: also known as ‘term life insurance’ or ‘death cover’, pays a lump sum to your nominated beneficiaries (such as your partner or family members) in the event of your death, or if you are diagnosed with a terminal illness.
For more information, please contact me. I will be happy to help with whatever questions you have. www.rgwealthsolutions.com +6011-51565649
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