Life Insurance

Life Insurance (often called Term Insurance) pays a lump sum benefit to the policy owner upon the death of the life insured, where this occurs during the term of the insurance cover (this can be up to age 99).

Term insurance is usually taken out in order to repay liabilities, such as mortgage, credit cards, etc., cover funeral costs, pay off credit cards and, in the event of the death of the main breadwinner, provide a substitute income stream for the spouse so that the current standard of living may be maintained. This is especially important where dependent children are involved.

Interested in finding out more about life (term) insurance or have any questions? Call the friendly team at Focus Partners Albury Wodonga on (02) 6021 3399 for advice and assistance you can trust.

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