Life Insurance
Home /
Insurance /
Life Insurance /
Life insurance pays you a lump sum to your nominated beneficiary of up to $5 million on your death or diagnosis of a terminal illness. It can be taken out as superannuation which provides taxation benefits for the policy holder. It may also:
- Allow your family to repay debts including mortgages, personal loans, guarantees, credit cards, etc.
- Provide an adequate income for your dependents to pay for living expenses, school fees and child care etc.
- Protect your business if a key person or principal dies
- Create cash injection to the estate, which may prevent other assets being sold.