life insurance

What is term life insurance? The most popular type of life insurance in Australia is term life insurance. Life insurance cover provides a lump sum to your family in the event of death or terminal illness of the life insured. Life insurance is available to people aged between 17 and 69 and can usually be renewed until the policy anniversary date before their 99th birthday. Term life insurance helps to protect the life insured’s family by providing a lump sum in the event of death, which could be used to meet needs such as: * Children’s education costs * Mortgage and other loan repayments * Enabling the life insured’s business to keep running * Meeting the family’s ongoing income needs www.ratedetective.com.au

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