If you have dependents, you cannot be without Life Insurance. If you die and leave your family with no income, or reduced income, they will almost certainly be under severe financial stress, particularly if your family is young and you have not yet had time to accumulate assets.
You may also have debts that your family will inherit upon your death. If you are buying your own house and have a large mortgage loan, how is your family going to keep up the repayments?
Consider this – it is widely acknowledged that it costs about $400,000 for the average family to raise a child to the age of 18. Where will that money come from if your income and support are lost?
A Life Insurance policy generally pays out a lump sum benefit in the event of the death of the policy holder.
If you have life insurance cover, you have peace of mind, knowing that, in the event of your untimely death, your family will receive a substantial sum of money to help cover for your loss.
A broker at our sister company, Melbourne Financial Services, will help you calculate the amount of cover that your family will need. Every situation is different and our expert brokers will help you take out a policy that is affordable and easy to understand.
Avoid the prospect of leaving your family without help due to your premature death.
Call us now at 03 9686 0688 to discuss your Life insurance needs with an expert.