Life Insurance is a simple insurance that pays a lump sum in the event of the insured person’s death. The benefit is normally paid to the beneficiary if nominated. For more information on beneficiaries, please see HERE.

Policies vary with different insurers, but in the main, the benefits will be paid on the following events:

Death & Terminal Illness (if the terminal illness is likely to result in death within 12 months)

Funeral Benefit – Generally pays a benefit of between $10,000 – $15,000

Financial Planning Benefit – Pays a benefit of between $1,000 – $1,500 toward receiving financial advice in relation to the benefit received.

You can find some of the PDS’ on our Providers page.

To find out more about any insurer and what they offer, please call 1800 989 657 or contact us.
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