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Whether you’re raising a family, supporting a partner, or building a business, life insurance helps ensure that your legacy includes stability rather than uncertainty. It can be a powerful tool for your family’s financial resilience.

Life insurance is designed to provide a lump sum payment to your nominated beneficiaries when you die or, in some cases, are diagnosed with a terminal illness. The payout can help ensure that your loved ones aren’t left scrambling to cover costs such as mortgage repayments or rent, outstanding debts, funeral costs and living expenses during an already emotional time.

Other type of insurance covers include:

There is also Total Permanent Disability (TPD) insurance pays a lump sum benefit if you become totally and permanently disabled due to illness or injury and you’re unable to work gain. The benefit can be used to access medical care and pay household bills.

Meanwhile, Trauma insurance, offers a lump-sum payment if you're diagnosed with a critical illness such as cancer, heart attack, or stroke. This can help cover medical expenses, lost income, and other financial obligations, which provides financial security in the worst of times.

Finally, Income Protection insurance, pays a monthly benefit amount if you're unable to work due to illness or injury. This can help you maintain your standard of living and cover your expenses while you focus on recovering your health and are able to return to work. Generally, you can receive up to 70% of your income and you can tailor your waiting period (how long before payments begin) and benefit period (how long you can receive the monthly benefit for) to suit your needs and budget.