• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Assure Wealth

Assure Wealth Financial Planning

Phone

1300 79 80 38

Email

support@assurewealth.com.au

Header Navigation

  • Home
  • The Team
  • Who We Help
  • FAQs
  • Blog
  • Contact Us

How life insurance works

March 1, 2021 by Patrick Casey

This image has an empty alt attribute; its file name is header.jpg

Life insurance can help protect you and your loved ones financially if something unexpected happens.

What life insurance covers

Different life insurance products are designed to protect you from different events that can occur:

  • life cover — pays a lump sum when you die
  • total and permanent disability (TPD) insurance — pays a lump sum to help with rehabilitation and living costs
  • trauma insurance — covers you if you’re diagnosed with a major illness
  • income protection insurance — pays some of your income if you can’t work due to illness or injury

What to check before you buy life insurance

Before buying, renewing or switching insurance, check if the policy will cover you for claims associated with COVID-19.

Before you buy life insurance, by law an insurer must give you a Product disclosure statement (PDS). Check the PDS for:

  • what’s covered and what’s excluded under the policy
  • what information you’ll need to give an insurer
  • information on premiums and how they change over time
  • waiting periods before you make a claim
  • how to make a claim
  • how to complain about the claims process or decision

Also check whether you already have life insurance through your super. Make sure you’re not paying for insurance twice.

Please contact us on 1300 79 80 38 if you seek further assistance on this topic.

Visit our Financial Knowledge Centre where you will access educational videos and articles, plus join our monthly e-Newsletter to help improve your financial knowledge.

If this article interested you and you would like to speak to Pat Casey on the phone, select a time to speak Pat – Financial Planner Sydney.

At Assure Wealth we specialise in helping busy, successful families structure their finances to achieve greater wealth and financial peace of mind.

Author: Pat Casey – Managing Director & Financial Planner Sydney – Assure Wealth

Download the Assure Wealth Corporate Brochure

Disclaimer: The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Walker Lane Pty Ltd Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Walker Lane nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.

Assure Wealth Pty Ltd ABN 31 965 466 780 Corporate Authorised Representative no. 1244817, Patrick Casey Sub-Authorised Representative no. 1244748 of Walker Lane Pty Ltd ABN 70 626 199 826, an AFSL holder No 509305.

Previous Post: « Retirement income and tax
Next Post: Protect your income if you’re unable to work »

Primary Sidebar

Corporate Brochure

Discover more about Assure Wealth.

Download Now

ONLINE TRAINING

What everyone ought to know about Financial Planning

PLAY VIDEO

FINANCIAL HEALTH CHECK

Take the 5 minute
financial health check to measure your financial health

START NOW

MOST POPULAR

Financial Planner Sydney, Financial Advisor Sydney, Financial Advisor, Investment Advisor Sydney, SMSF Adviser

15 Ways A Financial Planner Can Help You

September 5, 2016

Financial Planner Sydney, Financial Advisor Sydney, Financial Advisor, Investment Advisor Sydney, SMSF Adviser

How to set up a Self-Managed Superannuation Fund

November 3, 2020

Financial Planner Sydney, Financial Advisor Sydney, Financial Advisor, Investment Advisor Sydney, SMSF Adviser

4 Reasons to Set up a Self-Managed Super Fund Today

November 4, 2020

What is debt recycling?

August 8, 2018

Future focused: apps and tools to track your finances

Future focused: apps and tools to track your finances

May 1, 2020

Corporate Brochure

Discover more about Assure Wealth.

Download Now

ONLINE TRAINING

What everyone ought to know about Financial Planning

PLAY VIDEO

FINANCIAL HEALTH CHECK

Take the 5 minute
financial health check to measure your financial health

START NOW

Footer


Proud Member Of

Quick Links

  • Home
  • The Team
  • Who we help
  • Resources
  • FAQs
  • Blog
  • Contact Us
  • Financial Services Guide
  • Privacy Policy

Popular Posts

Financial Planner Sydney, Financial Advisor Sydney, Financial Advisor, Investment Advisor Sydney, SMSF Adviser

15 Ways A Financial Planner Can Help You

Financial Planner Sydney, Financial Advisor Sydney, Financial Advisor, Investment Advisor Sydney, SMSF Adviser

How to set up a Self-Managed Superannuation Fund

Financial Planner Sydney, Financial Advisor Sydney, Financial Advisor, Investment Advisor Sydney, SMSF Adviser

4 Reasons to Set up a Self-Managed Super Fund Today

Connect With Us

Assure Wealth Pty Ltd ABN 31 965 466 780 Corporate Authorised Representative no. 1244817, Patrick Casey Sub-Authorised Representative no. 1244748 of Walker Lane Pty Ltd ABN 70 626 199 826, an AFSL holder No 509305.

The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Walker Lane Pty Ltd Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Walker Lane Pty Ltd nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.