Life Insurance

Life insurance also known as Term Life insurance, or Death cover provides a lump sum payment in the event of the life insured’s death or on diagnosis of a terminal illness. The lump sum payment is paid to either a family member or a nominate beneficiary. Life insurance provides financial security to the beneficiary in the event of your death.

So, how much life insurance do you need? Roughly 10 times what you would typically earn in a year is often the suggested amount. Life insurance premiums vary for every person, they are calculated based on a number of factors such as your current health, lifestyle activities, type of job you have, additional extras you select with your cover and so fort.