Life insurance is an important part of financial planning for Australians˳ It provides financial protection for your family in the event of your death or serious illness˳ It is important to understand the different types of life insurance available in Australia and the options available to you to ensure you choose the right policy for your needs˳
Term life insurance is the most basic form of life insurance and provides a lump sum payment in the event of your death˳ It is designed to provide financial security for your family in the event of your death˳ It is generally the most affordable form of life insurance and is often used to cover specific costs such as funeral expenses˳
Total and permanent disability (TPD) insurance is designed to provide financial protection in the event of a serious illness or injury that prevents you from ever returning to work˳ It provides a lump sum payment to help you manage your financial obligations and provide for your family˳
Income protection insurance is designed to provide you with an income if you are unable to work due to illness or injury˳ It provides a regular income to help you cover your living expenses and other costs while you are unable to work˳
Trauma insurance is designed to provide financial protection in the event of a serious illness or injury˳ It provides a lump sum payment to help you manage your medical expenses and other costs associated with the illness or injury˳
Business expense insurance is designed to provide financial protection for your business in the event of your death or serious illness˳ It provides a lump sum payment to help you manage your business expenses and other costs associated with running your business˳
Life insurance is an important part of financial planning for Australians and there are a range of options available to you˳ It is important to understand the different types of life insurance available and the options available to you to ensure you choose the right policy for your needs˳
