Start Building your Future Knowledge.

As the saying goes: Life happens. And that includes the good and bad. We can’t always plan on when death, disability or illnesses will strike but we can plan for how we deal with them. Simply put, comprehensive Life Cover can be life-changing for your family; protecting them financially should anything serious happen to you.

Benefits of life cover

Often seen as a policy to only invest in when one is married or starting a family, nowadays Life Cover has been adapted for adults younger than 30.

There are a range of Life Insurance Policies out there that cover the basics to more comprehensive offerings. The good news is that no matter what your income, there’s a policy out there to provide a level of security for you and your family.

We’ve covered our Top 4 benefits below, which generally apply to Life Insurance Policies as a whole.

Chat to us, or your preferred broker, for more information on the types of coverage available.

1. Tax free

Did you know that there are tax advantages of life insurance? Death benefit payouts are generally tax free; and some policies have features that can help transfer money to heirs with fewer tax liabilities.

2. Severe illness coverage

Most Life Insurance Policies offer financial protection against the cost implications caused by a severe medical condition such as cancer.

3. Income protection

Built into most Life Cover Policies is a form of income protection. Here, you can have the peace of mind that you will be covered in the event of loss of income due to injury or illness. Some policies even offer additional funds that are built into this portion of the benefit – which in turn can be added to your retirement income.

4. Easing the financial burden in the event of death

The number one reason for obtaining life cover in the first place. This is a portion of your policy that is paid out in a lump sum that can be used by you or your loved ones to cover any financial obligations - from funeral costs to outstanding home loans.