Life Cover
Life cover, also known as life insurance in New Zealand, is like a financial safety net for you and your loved ones. It works by you paying regular premiums, and in return, your chosen beneficiaries receive a lump sum payout if something were to happen to you. This financial superhero provides peace of mind, ensuring your family can cover immediate expenses, settle any debts, and keep their quality of life intact even in your absence. It’s not just about finances; it’s about love and protection. It’s your way of looking out for your family, no matter what life throws your way.
FAQ's
Frequently Asked Questions
Life Insurance is all about peace of mind. If you pass away or get diagnosed with a terminal illness, it ensures your loved ones are financially secure with a lump sum payment.
Especially crucial if you have people depending on you or significant debts like a mortgage.
This depends on your personal situation – think debts, income, and what your family would need.
Yes, there's term life insurance (for a set period) and whole-of-life insurance (for your entire life).
Some policies are flexible and let you tweak your cover to suit life's big changes, like becoming a parent or paying off your home.