Please note this information and calculator is general advice only and does not take into account your needs, objectives or personal circumstances.
Life Insurance is a policy for an agreed value between the insured and the insurer Which you make payments for in return for a lump sum payout to be payed out to your beneficiaries such as your family, or your estate upon your departure from this life. Our life insurance calculator can give you an estimate of how much cover you may require as a guide and it is important you decide on what is right for you as each person’s circumstances vary.
If your family is important to you then the answer is yes, life insurance is very important and could be the most unselfish decision you could ever make. We believe in the importance of life insurance so much, that we would like to see it made compulsory in the future. Most of us have lost loved ones and we know the last thing we want our loved ones to think about is money and our creditors but what if the bills were piling up and the creditors were at the door, how would they cope? No one wants to leave their families in such a vulnerable position especially when we were their strongest form of support and are no longer with them.
The life insurance calculator assists in giving you an estimate so you can get started, prioritise and plan. Keep in mind the that the calculator while being a very useful tool it does offer an estimate only and professional advice from an insurance specialist should be sought before making your decision as each person’s circumstances vary.
There are a number of reasons to make use of the calculator and here they are:
Most Australian's insure their homes and their cars but do not insure the most important asset which is the individual and their ability to produce an income.