Do I need life insurance?

If you have people who depend on you, life insurance will provide financial protection for them at a time when it is most needed. The problem is that, for most of us, we don't know when that time may arise.

Life insurance can help ensure that any indebtedness such as a mortgage is paid off, and immediate costs such as funeral and travel arrangements are also taken care of. It can also provide a fincancial base to support an ongoing income to meet the needs of your surviving partner and stabilise the future plans for your dependant children.

If you have any of the following, you are likely to require life insurance:

• Mortgage - a roof over their head doesn't necessarily mean they're covered. The right insurance does.
  
• Dependants who rely on your income - a loss of income can place huge financial stress on a family. Life insurance will pay for their ongoing education, coaching and living expenses.
  
• Other debts - credit card debt and personal loans won't just vanish. Life insurance will help to pay off your debts.
  
• Funeral costs - ranging from $3,300 to $15,000, many families experience unwanted stress finding money for funeral expenses. A life policy will alleviate the impact of funeral costs on your family.
  

Not sure whether you actually need life insurance?

Find out by taking the quick test to the right to find the answer. If you find you do, then continue to find out how much you need, and how much it's going to cost. If you don't need life insurance we'll be honest & tell you!