Life Insurance

What is Life Insurance, how does it work and why do I need it?
Life insurance is works in the same way your car insurance or home insurance works – when you take out a life insurance policy, you pay a monthly premium to your insurer and if something goes wrong, your life insurance provider helps you cover the financial side.

Do I need life insurance?

When it comes to deciding if you need life insurance you need to think about your expenses and also your dependants and liabilities.
What would you be leaving behind? Does your spouse rely on you? Do you have children?

How much life insurance do I need?

This is a very personal decision and depends on your circumstances, goals and objectives.
Some areas to consider are -

Your mortgage
Your personal loans and credit cards
Your current and future expenses such as education, food, bills, insurances etc
Who is reliant on your income and for how long?
What would your spouses standard of living be like without you?
If your not the main breadwinner would your spouse need to pay for housekeepiung, child care etc

If you would like advice, or just the peace of mind knowing you have the best policy to suit your needs contact us and we will help you find a solution to suit your situation.

Southern Advisory ABN 63 066 365 929 , Authorised Representative No. 437285 Charter Financial Planning Limited.
ABN 35 002 976 294 AFS Licence No. 234665
Registered Office: Level 9, 750 Collins Street, Docklands VIC 3008
Charter Financial Planning is a member of the AMP Group. The AMP Group includes companies formerly part of the Australian and New Zealand operations of AXA Asia Pacific Holdings Limited.
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