NEWS

One of advantages of life cover through superannuation is the cost. When life cover is taken out through super there is a possible problem that the intended beneficiary may not receive the insured benefit. The death benefit from a life cover policy is paid to the trustee of the super fund to be added to the members account, it is then up to the trustee to pay the death benefit in accordance with the fund's deed or binding nomination made by the member.

A binding nomination provides some certainty but because of renewal requirments it can still be missed and thus left up to the trustees discretion on how it is paid. The primary aim of super is to save for retirement and premiums paid for life cover will reduce the potential retirement benefit.

The basic premise of life cover is that its supposed to act as protection in case of untimely death and there are numerous aspects to keep in mind when you decide on the amount and duration of your life cover.The number dependents includes your family members like spouse and children is an important consideration.

You should also take into account the total outstanding loans amount which could include all home, car and personal loans that you and your family have and keep this figure in mind when working out your total life insurance amount.

One of the biggest expenses that your family could encounter if you are not around is your kids education and even though this might not be easy to work out you can take a general figure for every year of their school life.Since the concept of life insurance is that your family should be able to continue their lifestyle as it was before you must ensure your life cover amount is sufficient to maintain their planned future life without your income and you.

Overall it is a good idea for everyone to have some form of life insurance cover. There are many people that do not have the life cover that they really need. Many people find out the hard way that their life cover isnt enough and could be the difference between leaving something behind to loved ones or leaving them with mountains of debt and financial worries.

If someone you care about depends on your income then life cover insurance is not an option it is really essential. If you die prematurely without the proper cover your spouse/partner and kids may be left without any financial means to pay the mortgage or buy groceries and live without stress.

Life Cover is really a plan for the future. People put a lot of effort into managed funds and investments  however, they tend not to think about life cover at the same level even though it is one that could prove much more important.Because of lifes uncertainty it is important that everyone has some sort of insurance plan in place at all for their futures.

Life insurance Cover is about providing for loved ones because even though it is uncomfortable t otalk about death we have to take steps to protect our families against the worst. With life cover and income protection insurance a person’s family can be safe no matter what happens. This can make you feel comfortable and enjoy life with the knowledge that your family’s security has been taken care of.

Most people take out life cover insurance because we don’t want our family to struggle financially if we die. But while we’re under 65, we’re much more likely to be off work for six months or more through illness or injury than we are to die. Life Cover won’t pay anything in that situation. Income Protection and Critical Illness Cover would be more beneficial in these circumstances.

For the ultimate family protection a combination of life cover,income protection and critical illness cover is ideal.With all bases covered for the things that are most likely to stop you earning a living or caring for your family this allows for peace of mind for you and your extended family in situations where you cannot work or die.

Nobody wants to pay for something they hope they are never going to need, let alone think about what would happen to their families if they died suddenly. These are the main reasons why there is so many households in Australa that are exposed to financial ruin in the event of illness,death or if they are unable to work. These days it is just as important to shop around for life cover as it is for home and contents or car insurance.

While life cover is the first type of insurance that people consider it isn't the only one or always the best type to of insurance to consider. Life cover insurance is the most commonly purchased product because it's the least expensive but it's the cheapest for a reason. This is because we are much more more likely to be alive but seriously ill and thus too ill to work than we are to die which means that other insurance products such as income protection or tpd are just as or more important. Life insurance cover is the most straight forward type of financial protection which pays out a lump sum to your family if you die during the term of the policy period you are covered.

Life insurance cover can be a financial life saver. It is the most common type of financial protection and it pays a lump sum if you die. Life cover is a promise to pay out a lump sum which is usually tax free in the event of your death within an agreed term.

Income protection insurance is probably the most important insurance anyone can have because if your income stops so does the money needed to pay for everything you have to pay for. The failure to disclose something about your medical background such as previous illnesses or that you are a smoker are the the main reasons why claims are declined.

Critical illness cover pays a lump sum if you are diagnosed with a range of illnesses that include cancer and heart attack. Most providers cover a wide range of illness but it is vital you check the terms of any policy before you buy this or any other type of insurance cover.

Many of us would like to ensure that should we die prematurely our families and partners would receive some form of financial help to secure their future. This insurance is known as life cover. You should always be prepared for the unexpected, this is the main reason for taking out life cover insurance. Obviously nobody wants to die prematurely but you never know what life is going to throw at you so life insurance was created to offer protection should one of these terrible situations occur to your family.

Life Cover will provide a tax free lump sum of money that is detailed within the life insurance policy you decide to take out. There is a wide range of life insurance and income protection products designed to help protect your family and to provide the financial support to safeguard their standard of living. We know that life is never predictable thats why we specialise in finding the Life Cover that suits your needs through out Australia.