Life Insurance

If you are thinking of protecting your family's future in terms of finance, then it's one of the best thing you can ever do. Life is very unpredictable with its many uncertainties, including death. And one way to protect your family from suffering any kind of financial loss in case of a premature death is to consider investing in life insurance.
What is life insurance? A type of a contract that offers monetary benefits to the dependent members of your family after your death. A particular amount is paid by the insurance company to your dependents according to the premium that you had paid in the past. To know more about the types of life insurance available and which suits you best, keep reading.....

Types of Life Insurance

Term Life Insurance: This is a type of insurance policy where you as the insured has to pay a particular amount for a fixed period of time.

You are charged a nominal premium and this amount remains constant. Since this insurance is economical, it is highly recommended for middle men and highly salaried youth.

Permanent Life Insurance: Here you pay the premium for an indefinite period of time and these premiums should be paid regularly since you don't to end the policy. Any surplus amount that is paid the company is collected in a separate account. A portion of the profits that is sent to you can be used to raise loans out of those funds. If your motive is to only tax exemptions and investments, avoid buying permanent life insurance policy.

Benefits

Some good reasons as to why you should consider buying life insurance. These benefits received after death can be used for following purposes:
1. Funds for children's education
2. Paying off personal debts, mortgage loans
3. Creating a special fund for emergencies called the family emergency fund
4. Paying the expenses incurred at the funeral and paying the final taxes.

Companies offering Life Insurance

1. Life
19 Cottrill Rd Caboolture QLD 4510
ph: 0407 654 455

2. CountryLife Pty Ltd
1006 Knox City Shopng Cntr Knox VIC 3180
ph: (03) 9887 2844

3. AGC Life
Ste15/ 33 Waterloo Rd North Ryde NSW 2113
ph: 1300 242 300

4. AIG Life
Lvl 8/ 220 George St Sydney NSW 2000
ph: 1800 033 490

5. iMedical Life <
2 Fuller Rd Earlwood NSW 2206
ph: 0400 115 503

6. MBF Life Limited
GPO Box 4232 Sydney NSW 2001
ph: 1800 200 044

7. Prefsure Life Limited
Lvl 9/ 1 O'Connell St Sydney NSW 2000
ph: 1800 221 142

8. M L C Life Ltd
Whitehorse Plaza Shopng Cntr Box Hill VIC 3128
ph: (03) 9890 0718

9. E-Life
Mitcham VIC 3132
ph: 1300 662 142