What is Life Insurance?

Life Insurance pays you a lump sum (or a fixed monthly amount) if you die or
are diagnosed with a terminal illness.

The terminal illness benefit (which is built into most Life Insurance policies) will pay
out if you are diagnosed with a terminal illness, and have less than 12 months to
live.

Because Scott died in Bali the costs of getting him home were significant…

…What I hadn't realised at the time was just how thorough BRAVEday had been. As Dean and I started walking through the policy before we submitted the claim, it was explained to me that he had taken the extra precaution of getting all stand down periods waived under our new cover when we changed policies. This meant I was still covered under the policy which I hadn't initially thought I would be....

…A claim that in most circumstances with most insurance companies would have been difficult was processed quickly, with compassion and everything was taken care of to allow me to focus on my family.

Luella Bartlett

Why do I need Life Insurance?

Life insurance protects those people who depend on you.  If you die, Life Insurance can provide financial security to your family, giving them time to grieve and the choice to
take time off work.  It can also be used to pay off debts like your mortgage, and to cover funeral expenses.

Do I have the right cover?

There are two different ways you can receive a Life Insurance pay out.  The first (and most common) is a one off lump sum payment.

The other way is to receive a pre-agreed monthly amount for a specified period i.e. $5,000 per month for 12 years.

Neither option is better, it all depends on your personal circumstances and what you are trying to achieve.

Can I fix my premiums?

Yes you can.

There are a couple of options available; your adviser can take you through these to find the one that's best for you.

Take action...

Contact us to talk about the life you want for your family, and how to make sure it happens, no matter what.

 

The material contained on this website is provided for general information purposes only and does not constitute legal or other professional advice. Brave Day Limited does not accept any responsibility for any loss which may arise from reliance on information contained on this site.