Life insurance policy is the protection that pays a lump sum in the event of diagnosis of terminal illness or death. It’s also known as Life cover.
In Australia most of the homeowners owe a huge amount of debt due to their mortgage. Many even unaware of how to pay off this debt in the event of any contingency. Or how to pay off the death benefits in the event of death.
Life insurance can help you to pay off this debt. It helps your family financially to continue living at your own home. Life insurance also help to finance your children’s education and continue their lifestyle when you are no more here.
If you have the right Life insurance policy in place, you may have the peace of mind that your loved one’s future is protected financially.