Protection for you and your family
Term life insurance is commonly known as life insurance. Life insurance pays out a lump sum if you die or become diagnosed with a terminal illness. The purpose of life insurance is to provide your family with financial security in the event of your death for your family (spouse, children, elderly parents, etc). This could be in the form of clearing debts or providing an ongoing income for a stay at home parent if there are children involved.
How much life insurance do I need?
Every situation will be different but a general guide can be
- Enough to clear all debts
- Pay for funeral expenses
- Provide an ongoing income for spouse and children
- Set up an education fund for children
Your Life & Risk Insurance Advisors
At McKenzie Ross Financial Services we tailor the advice to meet your individual needs. We deal with all the major life insurance companies in Australia and can find you the best deal for your current situation.
PRPIA Pty Ltd (ABN 61144888433) trading as McKenzie Ross Financial Services is an authorised representative of Charter Financial Planning Limited, Australian Financial Services Licensee