Benefits:
» Life insurance covers your family if you are to prematurely pass away.
» Not just about the house. It’s also about loss of income. Life Insurance covers your cost of living.
» Pays off your mortgage so your family is left with an asset instead of a debt. The family house stays with the family.
» Support children and/or spouse until your children are no longer dependant.
» Useful in buy/sell agreements to ensure there is no fire sale if a partner dies.
» Can be structured to be tax-deductible if you are self employed.

Life insurance can help bridge the gap between what money you have now while everyone is in good health, to what you will have in the future. If you are to die prematurely, Life Insurance will pay your family or partner.

This is a basic minimal policy that we advise that everyone ideally should have.