Life insurance helps you and your loved ones

How insurance can help you and your loved ones

No one likes to imagine the worst, but it’s worth thinking about what would happen if you were no longer around to provide for your loved ones.

Many people think life insurance only covers you in the event of your death. But in reality there are many other illnesses and injuries that can prevent you from working for weeks, months, or even the rest of your life, that you need to protect yourself against. Life insurance generally falls into the following categories:

1. Life Cover
2. Total and Permanent Disablement
3. Income Protection
4. Trauma Cover

Life Cover pays a one-off payment if:

• you die
• you’re diagnosed with a terminal illness.

You can apply for as much Life Cover insurance as you need. Special terms may apply for amounts above $15 million. Your financial adviser can help you work out the right amount for you.

Premium options

You can choose to pay your premiums as:

• Stepped – as you get older, your insurance premium will vary each year and your benefits will remain the same
• Level – your insurance premium does not go up by age-related increases and your benefits will remain the same

Protect your family with the financial support they need in the event you pass away or are diagnosed with a terminal illness.

Thinking about things like death or a serious illness can be confronting. But life cover is important to help your family and loved ones should something unexpected happen.

It’s about putting a plan in place to reduce the stress of things like mortgage payments, school fees and funeral expenses, when you’re no longer there to support your family.

We’re here to help

A financial adviser can provide you with advice to help you manage your debts efficiently. To find out more, contact Avante Financial Services on 1300 788 650 today.