LIFE INSURANCE

Term Life Insurance provides a lump sum payment on the death of the insured person.  It is the most cost effective way to produce an instant estate for your dependants.

Term Life Insurance can be extended to include payment of the insured benefit on Total and Permanent Disablement.  Often abbreviated to TPD, this benefit provides you with a lump sum payment if, because of sickness or injury, you are permanently unable to return to work. 

Generally it can be argued that Term Life Insurance is the most cost effective means of providing financial security for dependants in the event of the premature death of the predominant income earner.

What are the chances of becoming totally and permanently disabled?

The chance of suffering a sickness or injury between the age of 35 and 65 that will render you totally and permanently disabled is about 1 in 10.*

For more information regarding Life Insurance or an obligation free premium quotation, please contact us.

*Source: General Reinsurance Life of Australia Ltd