Life Insurance is often referred to as Term insurance. It is payable in the event of the insured’s death or terminal illness. It provides a lump sum to reduce or extinguish debt and/or provide an income to maintain the family’s lifestyle.
Terminal Illness is payable, in many products in the market, when the insured is diagnosed with less than 12 months to live. This allows the person to settle their affairs and ensure their family has no financial worries on their death.
What is the correct sum insured will depend on your personal circumstances.
At Austbrokers Countrywide we believe that through advice you will achieve the best possible protection outcomes. We have a strategic partnership and referral arrangement with Countrywide Advice to provide professional advice for our valued clients in the areas of:
Personal Insurance: (Term Life; Total & Permanent Disablement; Critical Illness and Income Protection Insurance)
Business Insurance: (Keyperson & Partnership Protection Insurance)
To contact the Countrywide Advice Team please click below.