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Life Insurance

If someone depends on you financially, chances are you need insurance.  It is important to protect yourself and your loved ones from finanical stress if something happens to you.  Life insurance results in a lump sum payment upon the death of the person insured.  If a family were to lose the major income earner, it’s critical that the remaining family members are able to financially survive without having to sell assets, rely on others or rely on welfare.

Life Insurance is not just for the main income earner, if your partner takes care of the children and your home and your partner were to pass away, you may require substantial funds to cover expenses to keep the household going.  Expenses like child care and housekeeping etc.

 

Michael’s Story

Michael (28) recently took out a Life Insurance policy.  His father had died suddenly at age 46 from a heart attack when Michael was just 16, leaving his mother to support him and his younger siblings.  It was their father’s foresight to take out life insurance that helped the family survive this tragic event.  The lump sum payment ensured that money was the least of their worries.

The day after Michael’s wife, Susan, announced she was pregnant with their first child, Michael spoke with his financial adviser about choosing the right kind of insurance.  The life cover he took out means that if the worst does happen, Susan and his future children will have the same financial security that Michael experienced after the loss of his father.

His adviser also mentioned the option that they consider Child Cover when their child turns two years old.  This would mean that if their toddler became ill in the future, they would be able to focus their energies where they were needed – on their child not the finances.  Source – CommInsure Claims.

To make an appointment to discuss your Life Insurance needs please contact us directly on (07) 3170 3707 or click here to email us.

PERSONAL INSURANCE

  • Life Insurance
  • Total & Permanent Disability
  • Trauma Insurance
  • Income Protection
  • Child Cover

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PO Box 1319, Cleveland QLD 4163 4163
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General Advice Warning:
The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your ClearView Financial Advice Pty Ltd Authorised Representative before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither ClearView Financial Advice Pty Ltd nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.