Life Insurance
Life Insurance provides a lump sum benefit to your beneficiaries or estate in the event of your death, or diagnosis of a terminal illness. This is one of the most common types of cover taken out as it provides financial security directly to your loved ones and is paid out as a lump sum.
Have you ever wondered what would happen with your home loan repayments and other financial commitments if something happened to you? You can avoid financial burdens caused by death, illness or injury by protecting yourself with life and income insurance.
Some important questions to ask yourself:
- What types of cover can I choose from?
- How much will it cost?
- What if I need to make a claim?
- How much insurance do I need?
Your biggest asset is your ability to earn an income.
You insure your car & your house – why not yourself?
Contact us for all your personal insurance needs
Email: clientinfo@abcountrywide.com.au | Telephone: (03) 9835 1300
Street Address: Level 2, 35 Dalmore Drive, Scoresby Vic 3189
Postal: PO Box 9055, Scoresby Vic 3189
Stuart is a 39-year-old self-employed Chiropractor earning $150,000 per year. He is married to Roxy, and has two primary school aged children, both of whom attend private schools. His home is valued at $900,000 with a mortgage of $500,000.
Stuart is aware of how important his health is, so he makes it a priority to go to the gym every morning before work. One day, whilst at the gym, Stuart suffers a heart attack, collapses and passes away enroute to hospital.
Thanks to Stuart having Life Insurance of $1m in place, Roxy was well provided for and was able to:
- keep her home by paying off the mortgage;
- continue sending her children to private school; and
- delay returning to work immediately, thus being available to provide her children with the support they need to deal with their father’s passing.
This provided Roxy with enormous peace of mind, knowing that she and her children would be able to maintain their family home and current standard of living.
The Financial Services and Credit Guide contains information that will help you decide whether to use the financial services we offer.
Austbrokers Countrywide Life Pty Ltd
Corporate Authorised Representative Charter Financial Planning Ltd Australian Financial Services License No. 234665 ABN 28 152 479 162
FINANCIAL SERVICES AND CREDIT GUIDE
Issued: 1 June 2023
Austbrokers Countrywide Life Pty Ltd ABN 28 152 479 162 is a Corporate Authorised Representative of Charter Financial Planning Limited ABN 35 002 976 294 Australian Financial Services Licensee Licence number 234665.
Principal Address: Quay Quarter Tower, 50 Bridge Street Sydney NSW 2000
This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.
The Authorised Representative provides you with advisory services in accordance with the disclosures in the Financial Services and Credit Guide. Charter Financial Planning is responsible to you for all conduct. www.charter.com.au
Disclaimer
Information provided on this website is general in nature and does not constitute financial advice. Austbrokers Countrywide Life Pty Ltd will endeavour to update the website as needed. However information can change without notice and Austbrokers Countrywide Life Pty Ltd does not guarantee the accuracy of information on the website, including information provided by third parties, at any particular time.
Every effort has been made to ensure that the information provided is accurate. Individuals must not rely on this information to make a financial or investment decision. Before making any decision, we recommend you consult a financial planner to take into account your particular investment objectives, financial situation and individual needs. Austbrokers Countrywide Life Pty Ltd does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this website. Except insofar as any liability under statute cannot be excluded. Austbrokers Countrywide Life Pty Ltd, its employees and authorised representatives do not accept any liability for any error or omission on this website or for any resulting loss or damage suffered by the recipient or any other person.