Life Insurance Australia

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Life Insurance

In the event of the life insured’s death, a life insurance pays a set amount as a lump sum benefit to the nominated beneficiaries.

When deciding how much cover is needed, you may wish to consider the following:

* All of your current debts including mortgage, investment loans, business loans, personal loans and credit cards.

* Your children’s future childcare and educations costs

* Amount of income your family will need to live comfortably after you are no longer there to provide for them

Life insurance is “guaranteed renewable” as long as the premiums are paid. This means that if for instance if an insured person was to suffer an illness or injury after taking out a life cover, the policy will remain in force and insured person will be able to make a claim. If the policy was not already in place, this individual might have been prevented from taking out a life insurance due to pre-existing conditions.

It should be noted that there is a difference between a ‘Life cover’ and ‘Accidental death’. Latter provides protection only in the instance when the death is accidental. Therefore unexpected cover will typically be cheaper, but it may potentially leave person insured with less protection as not all deaths are accidental.



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VFS Group is a holistic financial services firm with an acute focus on wealth creation and management. Our mandate is to provide quality financial advice to all Australians.

Our mantra is Knowledge, Opportunity, Wealth. We invite you take this opportunity to secure your future with us.



Danilo is a highly experienced senior financial adviser with an extensive background in developing comprehensive financial strategies for clients.