At age 25 everyone expects they will have a full and happy life. At age 65, 13% of those 25 year olds will have met with an untimely death leaving behind families, business partners and children to cope without them.
Life cover pays a lump sum benefit in the event of the death of the life assured, providing valuable peace of mind that debts (such as home mortgage or business debts) can be cleared or a lump sum can be available to replace the lost income of the life assured. If you are diagnosed as likely to die within 12 months, the full benefit can be paid when this diagnosis is made. In this event, no further life cover benefit will be payable.
As life evolves, circumstances change, often resulting in increased financial responsibility. With Pink Insurance you can automatically increase your life cover up to $150,000 if you get married or divorced, have a child (by birth or legal adoption), assume responsibility for full time care for a dependent relative, or increase a residential mortgage or purchase a new property.
