| Life
insurance provides people with
protection against the financial
consequences of an insured event ( for
example - death, disablement, serious
illness or injury ). Wealth protection
through life insurance is an important
consideration in any comprehensive
financial plan alongside wealth
creation, as it provides financial
protection for ourselves and our
families.
Considering
coverage
Wealth protection is especially
important for those with dependents and
financial commitments - when considering
life insurance it is thus worth
determining what commitments you have,
and how your family would cope if you
were no longer able to earn an income.
The
specific situation of an individual and
their family will determine the right
mix of life insurance cover, but the
following are a few factors :
-
Mortgages and other debts (
including overdraft credits, car
loan etc ).
-
Day-to-day living expenses of your
family ( including food, clothing,
school fees, energy costs etc ).
-
Future, planned education expenses
for children ( including school,
university etc ).
-
Expenses related to death (
including funeral expenses,
unsettled medical bills etc ).
Professional advice
Please note that life insurance is a
technical area, with different policies
and coverage options available from a
range of Australian insurers. Always
read the product disclosure statement
for full details on any policy you are
considering, and if unsure about the
best policy for you and your family it
is worth seeking professional advice to
ensure the most appropriate cover.
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Insurance requirements are
invariably different at
different life stages, making it
essential that your life
insurance is reviewed at regular
intervals. This is especially
when there is a change in family
circumstances, such as the birth
of a child or the purchase of a
new home.
Main types of life insurance
The main types of life insurance
policies include term life and
total & permanent disability,
trauma insurance, income
protection and business expenses
insurance.
As
these types of cover will
provide protection for different
events, they are often combined
to ensure adequate protection. |
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AussieInsure
aims to provide you with most
appropriate and cost effective life
insurance and personal risk cover.
To
do this we offer a number of
options ranging from a
non-advice offering ( for those
who know exactly what they need
), to a full service, tailored
comprehensive advice solution.
AussieInsure
gives you direct access to all
of the major life insurance
companies in Australia with
large upfront commission
rebates.
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