What it is
Most people wish to ensure that their surviving family and dependents can continue to enjoy the same level of lifestyle, after their death.
Benefits are generally used to repay outstanding debts, like mortgages, or provide a lump sum that can be invested to provide a regular income through to the beneficiaries’ retirement or beyond.
Even Life Insurance has its complexities, potential risks and therefore its implications vary from client to client. Other types of cover can also be added to Life cover, like Total and Permanent Disability (TPD), Trauma (CI) and Income Protection (IP).
Therefore, each individual’s situation needs to be assessed accordingly. Should you wish to obtain more information on this, please contact us.
The information on this topic is general in nature and does not constitute advice. It is intended as points to be discussed with me, should you wish to do so.