Life Insurance is designed to protect your loved ones financially, when you pass away or are diagnosed with a terminal illness.
Life insurance can be a difficult subject to talk about, but the reality is that when we pass away, we leave a lot behind; our debts, our bills and most importantly, our loved ones. You can protect those that are most important to you by having Life insurance in place, which will ensure your family are financially taken care of, if the worst happens. Benefits can be paid as a lump sum, to provide funds to eliminate mortgages and other debts, or in instalments, to provide an income stream to assist with day-to-day living expenses. Most insurance providers also include an advancement benefit, which provides immediate financial relief, by paying a small portion of the sum insured, in advance, which can be used to assist with medical or funeral expenses.
It is important to discuss your insurance needs with a Financial Adviser. We can tailor a plan based on your unique and individual circumstances. Please feel free to contact us at Next Level Wealth. We are more than happy to assist you.