Why Have Life Insurance?

Why Have Life Insurance?

Life is unpredictable. Regardless of age, health or circumstances, things can go wrong.

The purpose of all types of insurance is to provide peace of mind and financial security for your family, if the worst should happen and you are no longer around to support them.  

One of the most widely accepted forms of financial protection is car insurance.

Why? Because we all actually expect something to happen to our car sooner or later and we know it will be costly to repair.

So what about life insurance? Why do you need it more than any other type of insurance cover?

Most people don't want to think about the possibility of death. But we know it can happen when least expected and the financial effect of the death of a breadwinner can mean that a terrible loss is accompanied by financial difficulties.

Now ask yourself, if your family income were to reduce due to death:

  • Would they have enough income to cover everyday living expenses?
  • Would they be able to repay the mortgage, and other commitments?
  • Would they be able to afford childcare, schooling and tertiary education, to ensure your children have the best opportunities in life?
  • Would they be able to maintain their current  lifestyle including the things young people need for sport and social life?

How does Life Insurance Cover Work?

Most life insurance policies provide:

  • A lump sum payment on the death or total permanent disablement of the policy holder
  • A lump sum payment on positive diagnosis of a terminal illness
  • Other options including income replacement and business insurance

You can get a quote on the right policy to suit your family's needs and your budget.

Don't risk your family's future

It's time to think about protecting your family or partner against the unexpected. Time to apply for some life insurance quotes, compare insurance from different companies and find the right life insurance policy for your family's needs.

Need Help Choosing? Call 1300 884 384

8am to 10pm (EST), Mon to Fri.

Our team will be happy to help.

  
 

These articles are provided as reference material to allow more informed decision making, but are not intended as being a complete source of information on any topic. All readers should make their own independent analysis on the topic to make sure they have considered the aspects that are important to them.

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Choosi Pty Ltd (ABN 15 147 630 886) offers insurance products from a range of Australian brands. Choosi does not provide information, or offer cover, for all products available in the market and there may be aspects to some products that we do not compare. Choosi is not an insurer and cover is issued by various underwriters. Your use of this website is undertaken in accordance with the full Terms and Conditions.

Choosi is owned by Hollard Financial Services Pty Ltd (ABN 53 128 692 884), the distributor of each pet insurance, life insurance, income protection insurance, funeral insurance and final expenses insurance policy Choosi is able to arrange directly for the following brands: Australian Seniors Insurance Agency, Guardian Insurance, Prime Pet Insurance, Real Insurance, RSPCA Pet Insurance and Woolworths Insurance. Choosi is also a related company of The Hollard Insurance Company Pty Ltd (ABN 78 090 584 473 AFSL 241436), the issuer of each pet insurance product Choosi is able to arrange directly. Information on this website does not take into account your personal objectives, financial situation or needs. You should consider the relevant Product Disclosure Statement (PDS) for more information and to ensure the product suits your needs. The PDS for each of the pet insurance, life insurance, income protection insurance, funeral insurance and final expenses insurance products sold through Choosi and our advisor partner are available through this website. Health Insurance products are not required to have a PDS, but this website has a Fact Sheet for each Health Insurance product Choosi is able to arrange.

Choosi

Ground Floor, 58 Norwest Blvd, Bella Vista NSW 2153

Phone: 1300 884 384