What happens if I can’t pay my Mortgage?
As the old saying goes, there are two things you can count on in life: death and taxes.
Life insurance is all about planning for the former (even if it’s not really pleasant to think about).
The most common kind of life insurance you’ll come across is known as ‘term life insurance policy’, which pays out a lump sum when you die. This money can help your family to sort out their finances when you’re gone, including covering funeral expenses, mortgage repayments, or simply the costs of living.
So if you think your family might need a helping hand when you’re gone, then it might be time to consider a life insurance policy. Below some of the policy options available right now, and why it’s important.
Income Protection Insurance
Provides you with an income to help you continue living your life if you have had an injury or illness and can’t work.
Life Insurance
Protects your family’s future and gives them options if you are no longer around.
Total Permanent Disability Insurance
Gives you options to help you live a better quality of life if you are permanently disabled and can’t work.
Trauma Insurance
Means you have choices so you can still make the most of life if you have a serious illness.