The need for Life Insurance comes down to one thing, financial security. No matter what age or gender you are your household requires money (or income) to acquire assets, live life's goals and pay off debt. It is a journey you often share with friends and loved ones.
Life has the habit of throwing a curve ball from time to time. We often deal with these challenges as part of life. It can also be filled with tragedy like the loss of a family provider or loved one. Unfortunately the world around us keeps turning and our bills keep coming. Dreams may sometimes be threatened not only by the loss of someone close to you but also by the financial burden it creates. This adjustment, not only emotionally, can be quite significant and affects all members of the family unit. In these situations life insurance is invaluable, providing the financial stability while life is re-adjusted.
Don Trapnell from Synchron discusses this emotional and financial challenge in his video. It is a pragmatic approach to preparing for the unknown.
Life cover pays out an agreed lump sum on the life insured if that person suffers a terminal illness or passes away during the term of the life insurance policy. If you haven't already considered the implications of such an impact to your life then speak with a personal risk adviser. They specialise in personal risk analysis and can explain the options and help find the right policy and pricing to meet your needs.
It is never too late or too early to plan for the impact of life's risks.
About the Author: Mary Kendall writes for MultiCover, specialising in personal risk insurance. Her goal is to provide consumers with a better understanding of life, disability, income, trauma and other personal risk insurance. MultiCover Life Insurance Australia - Insure Your Peace of Mind. |
