Funeral cover provides a lump sum payout to your beneficiaries after a valid death certificate has been issued. This lump sum helps your loved ones pay for funeral-related expenses, like your burial or cremation and memorial service. You can generally choose the level of cover you want, starting from as low as $5,000 all the way up to $15,000.
In the event of your death, funeral insurance can help your family alleviate the financial burden of having to pay for your final expenses. This kind of cover gives you the opportunity to plan ahead, put your affairs in order, and make sure that you are given the funeral service that you want.
Many Australian life insurance companies do cover suicide after a specific exclusion period. However, it is important to refer to your product disclosure statement (PDS) to make sure you understand the terms and conditions surrounding cause of death and what constitutes a valid claim should you ever need to make a claim related to a death by suicide.
Without a doubt, Qantas is Australians top choice for air travel. But, can you trust them to also provide the best life insurance cover? Qantas has added life insurance to their suite of travel and health insurance products. Life Insurance giant, TAL, announced their partnership with Qantas earlier this year (February 2017).
As a small or medium business owner, you will understand the importance of making sure you and other key persons within your business are fit and healthy and are able to run your business, particularly in the early days. Unfortunately, things do not always go to plan and you may find yourself in a situation where a key member of your team is no longer able to continue in the business.
Are you a small or medium business owner and recently taken out a loan? If you have taken out a loan or you are thinking about taking out a loan to grow your business, make sure your small business is protected.
What is selling your term life insurance policy all about? Retirees in Australia used to have the option of selling their term life insurance policy for a percentage of the original value of the policy. In the past, select companies once paid up to 15 per cent of the value of the term life insurance policy. Once sold, these companies owned the term life…
While persistent snoring may drive your partner crazy, that’s not why insurers tread cautiously when someone who applies for life insurance shows signs of suffering from obstructive sleep apnea – a potentially deadly sleeping and breathing disorder.
