Nobody wants to think about when they may die, but it’s even harder to think about dying and leaving your family behind with no way to pay the bills.
Life insurance allows us to protect our loved ones in the event of our death. Life cover, also known as term life insurance or death cover, will pay out an agreed sum of money in the event of your death. This amount is set by you, based on what you think your family will need to continue to pay the mortgage, the bills and maintain their standard of living after you have gone. You may want to consider any outstanding debts that will need to be paid, such as a mortgage, future education expenses for your children and general week to week living expenses. The money will go to the people you nominate as beneficiaries.
Talk to the experts at Oncore Wealth Solutions today about a policy that will ensure your family is protected for the future.