15th Feb 2010

Life Insurance

Life Insurance Australia

Life insurance can often be one of the last things we all think about but making sure that your loved ones are looked after if something was to happen to you is something we should all consider.

Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual’s death or other event, such as terminal or critical illness. Generally, the purpose of life insurance is to provide peace of mind by assuring that financial loss or hardship will be lessened or eliminated in the event of the insured person’s death.

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