Life Insurance pays a lump sum of money if you pass away or become terminally ill. It is designed to help your family pay costs that you would have helped with if you were still alive.

Most people use Life Insurance for:

  • Ensuring funds to cover funeral expenses
  • Providing funds to their family after they've gone
  • Clearing debt such as credit card, personal loans, mortgage
  • Paying for childcare support if the person who passed away was the primary caregiver
  • Providing future financial support for their children
  • Some people who are terminally ill choose to access a portion of their life insurance to help with the cost of treatment or to tick experiences off their bucket list

Switching Insurance Policies

Changing your policy or provider needs to be carefully worked through. You may gain some benefits (such as a


The information on this site is intended as a guide only. The information is of a general nature and does not and cannot ever constitute personal advice.
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