The
purpose of life insurance is to provide a source of income for your
children, dependants or other beneficiaries, in the event of your
death. It can also assist other estate planning purposes, such as
providing money to chosen charities upon your death, paying for
estate taxes or providing for a pay-out for a business interest.
Fact: 3 out of 4 Australian families will experience
cancer.
NOT EVERYONE UNDERSTANDS THE IMPORTANCE OF PROTECTION.
It is a sad fact that many Australian families
remain dangerously underinsured. A recent sample survey of families
revealed that only:
- 50% had life insurance cover;
- 21% had crisis cover; and
- 18% had income protection cover.
Why is that so many neglect to insure family security,
when the same survey indicates that 84% insure their car comprehensively
and 88% insure home and contents? These statistics indicate that
your decision to protect your most valuable asset is a wise one
in deed.
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