Life Insurance
If others are dependent on your income or you have large debts, then you need life insurance. It is the ultimate sense of security, a guarantee that when the unthinkable happens your loved ones will be safeguarded and all bills paid off. Think of life insurance as a way to fund a savings account from which your family can draw in the event of a tragedy.
Why buy insurance?
- 60% of Australian families with dependants will run out of money within one year if the main income earner dies.
- Injury is the leading cause of death among people who are under 45 years of age.
- Cardiovascular disease (which includes heart disease, stroke and blood vessel disease) is Australia’s leading cause of death, claiming a life every 10 minutes
The lump sum amount paid helps repay debts like mortgages, loans, everyday expenses and even funeral costs. If money is scarce now then imagine how hard it will be when you are not around.
How much cover is required?
Before purchasing a life insurance policy, you should consider your financial situation and the standard of living you want to maintain for your dependents or survivors. Calculate the amount of funds required for future or ongoing expenses such as daycare, mortgage payments, college etc. That will give you an indication of the amount to be insured for.
It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event like marriage, birth, purchase of a house etc.
What type of insurance?
Some people want the income stream to last forever—some want the money to last for five or ten years, whatever your preference we can make it happen. Call us today to make an appointment with a Golden Touch consultant.
Life Insurance Quote
Disclaimer:
General Advice: The information contained in this website has been prepared without taking into account your objectives, financial situation or particular needs and is General Advice only. Our insurance partner is Lifebroker , who have prepared these quotes.
We recommend you speak with a Lifebroker life insurance specialist for any queries your may have. National Financial Solutions Pty Ltd (AFSL 284182) or any related companies will not be held responsible for the merits of this advice to your circumstances.
For more information on life insurance products, visit Lifebroker