How would your family maintain their lifestyle following the loss of a primary income?
Life insurance pays a lump sum in the event of death, protecting loved ones from the often overlooked effects of passing away. This cover is generally used to cover mortgage repayments, outstanding debts and those costs that would have been covered prior to the loss of a primary income. Most policies have a terminal illness benefit that offers advance payment of the primary death benefits following the diagnosis of a terminal illness, where death is likely to occur within twelve months.
The level of cover an individual might require is influenced by a number of factors including savings, debts and lifestyle. Solution Home Loans can put you in contact with a financial planner that is experienced in assessing the amount that would be required to pay off liabilities while providing for the future expenses of loved ones.
Contact Solution Home Loans today to set an appointment with a financial planner and take the first step toward protecting your family.