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.
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.
Why Use Choosi?
- One form gives you quotes
from a range of insurance brands
- Product reviews by
- Helpful and easy to