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Life Insurance Plan
Life insurance - do you really need it? |
You may be thinking ‘ who needs life insurance? ’ Simply, if you have a family who is financially dependent on you and/or have debts that are serviced from your income alone, you should consider the peace of mind life insurance may bring. Obviously, the greater your financial obligations and the more dependants you have, the more life insurance you may need to protect your assets and your family’s financial security.
Life is full of uncertainty and often the unexpected can occur. The death of a loved one can place an enormous strain on a family both emotionally and financially. Have you considered how your family would cope financially, if your were no longer around?
AXA can provide affordable Life Insurance cover, which may include a lump sum payment of the sum insured (up to $2 million) if you are diagnosed with a terminal illness and have 12 months or less to live.
The same insurance may also be provided via the Life Insurance Superannuation plan. Even though this plan does not have a savings element it may be a tax effective way to meet your insurance needs.
The death of a loved one is never easy. However, you can take steps now to minimise the financial hardship that your death may cause. By ensuring you have adequate life insurance today, you will not leave your family’s financial future to chance.
If you were to become disabled, how would your life be affected? Your day to day expenses would continue and you may also have the additional costs of unexpected hospital bills and possible expensive rehabilitation programs. And if you were unable to meet your mortgage repayments, you could end up losing your home.
How can you protect your family |
By taking out a Total and Permanent Disablement Option on a Life Insurance Plan or Life Insurance Superannuation Plan, you may protect your family, not only from the impact of your death, but from the financial turmoil that could occur if you were to become disabled.
Total and Permanent Disablement insurance provides a lump sum payment in the event of the life insured becoming totally and permanently disabled.
What do you need to do to arrange AXA Insurance |
Ensuring you have adequate life insurance given your individual circumstances can be a difficult task. Your financial planner can sit down with you and discuss your current financial situation to ensure that in the unfortunate event of your death, the last thing your family will have to worry about is their financial security.
Find out more in the Product Disclosure Statement and then contact your financial adviser for further information on applying.
In this notice any references to 'us', 'we', 'our', 'the insurer' or 'AXA Australia' means The National Mutual Life Association of Australiasia Limited ABN 72 004 020 437 AFS License No.234649. Unless specified, the provider of insurance as contained in the website is The National Mutual Life Association of Australia Limited.
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