Life Insurance

Life insurance is all about making sure that if something happens to you, whether it be injury or death, that your loved ones, assets and interests are protected. It can help to ensure that if you cannot work, your day-to-day living expenses can be maintained.

Life insurance payments can help your family to:

• Eliminate debt, such as a mortgage, legal or medical expenses;
• Provide continuing support for necessary expenses including electricity, water, food, clothing;
• Maintain the status quo in your home for things such as education, holidays and gifts.

There is no “one size fits all” approach to life insurance. As every individual’s needs are different, so are their life insurance requirements. You don’t want to have too much insurance so that you’re paying for protection you don’t need, but you also don’t want to have too little and leave your loved ones at risk.

Financial advisers are a great source of information and expertise about how you can protect the things that really matter. In deciding how much life cover you need, Consultum financial advisers can work with you to determine the appropriate level of insurance, specific to your needs. Life insurance represents a critical step in managing your personal finances and ensuring your family's well-being.

Did you know?

Life insurance lump sums can also be paid into a superannuation account, so that your family can take advantage of the tax-free contributions, perhaps keeping them on top of a wealth accumulation plan; making your partner’s retirement easier.

To find out how much life insurance cover you need, let us help you find an adviser near you.