Why Life Insurance is still Important
- By Wayne Lennan
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- 04 Sep, 2020
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Don't leave your family in financial hardship
Do you know the why Life Insurance is so important? Here are some things to think about.
1. The Disability Care scheme will NOT cover people for loss of income nor assist with other living expenses such as paying the rent or mortgage.
2. Life insurance is primarily concerned with whether the insured person meets the insurance policy terms and conditions regardless of the level of support available to them through their families, carers or community in general.
3. Income Protection can provide individuals with a regular income while temporarily unable to work and may also include payment of rehabilitation expenses.
4. Critical illness or total and permanent disability insurance gives individuals insurance greater flexibility over how they use their lump sum benefit.
5. Lump sum insurance benefits can be used to support rehabilitation, pay for necessary aids or future medical costs or to provide an income over the long term.
6. Part of a life insurance benefit could also be used to pay for a holiday for the family or to supplement income that is foregone as the individual is able to gradually return to work at their own pace. This freedom helps alleviate the stress and anxiety on individuals and family members.
So please, before it's too late give me a call and we can discuss a plan b for you and your family incase something were too happy to you. You can book a free appointment on my website www.insuranceforliving.com.au or give Wayne a call on 0412 49 42 43.
1. The Disability Care scheme will NOT cover people for loss of income nor assist with other living expenses such as paying the rent or mortgage.
2. Life insurance is primarily concerned with whether the insured person meets the insurance policy terms and conditions regardless of the level of support available to them through their families, carers or community in general.
3. Income Protection can provide individuals with a regular income while temporarily unable to work and may also include payment of rehabilitation expenses.
4. Critical illness or total and permanent disability insurance gives individuals insurance greater flexibility over how they use their lump sum benefit.
5. Lump sum insurance benefits can be used to support rehabilitation, pay for necessary aids or future medical costs or to provide an income over the long term.
6. Part of a life insurance benefit could also be used to pay for a holiday for the family or to supplement income that is foregone as the individual is able to gradually return to work at their own pace. This freedom helps alleviate the stress and anxiety on individuals and family members.
So please, before it's too late give me a call and we can discuss a plan b for you and your family incase something were too happy to you. You can book a free appointment on my website www.insuranceforliving.com.au or give Wayne a call on 0412 49 42 43.