Get Life Insurance on the Central Coast
If you were to pass away suddenly, what would be the financial impact on your family and other dependents? Would they be able to continue to live the way they do now? It’s not often we stop to think about these questions, but if you did, what would be your answer? Life Insurance is designed to provide your beneficiaries with a lump-sum payment in the event of unforeseen, premature death. It helps to protect your family’s lifestyle and your hard-earned assets.
At Coast & Country Insurance Consultants, we help clients find the most suitable Life Insurance based on their needs. Located in The Entrance, we assist clients on the Central Coast as well as in other areas around Australia. Call (02) 4334 3622 to book a consultation.
What level of cover is appropriate for me? This is the question most often asked to us about Life Insurance. The answer can vary significantly as everybody’s situation is different. An initial ‘rule of thumb’ is to firstly make sure there is enough to adequately clear all your debts. Then work on how long any additional lump sum will last and what it may be required for. We can also help you take into account your spouse’s lifestyle, children’s’ education, ongoing future medical costs and so on.
The premium can typically be tax deductible but it is recommended that you speak to a tax accountant prior to taking on any tax concessions as there can be significant tax issues if handled incorrectly.
Life Insurance can also be useful for:
To protect a business partner from having to service your portion of a business debt they may struggle to repay alone.
This cover can be used in family estate planning for several reasons such as covering the cost of your funeral or to meet mortgage repayments.
None of us like to think about our immortality but addressing it and planning for the future can help to ensure your family are looked after when you’re gone. By contacting us about Life Insurance, we’ll help you choose the appropriate cover and how to structure the policy.
Whilst there is an ideal amount you may wish to cover yourself for, ultimately your insurer will determine a minimum and a maximum cover amount. This will be based on your age, occupation, income and other contributing factors.
The majority of Life Insurance policies will include cover in the instance you’re diagnosed with a terminal illness. If your life expectancy is short (1-2 years), you may be eligible to receive part of full payment of your insured amount. Medical reports are generally required to back-up your claim.
Typically, yes. You’ll usually have no problem finding an insurer until you turn 60 years old. Between 60-75 options may become more limited, and after that it can be difficult to find Life Insurance as you’ll be past the ‘maximum entry age’ for most policies. If you’re a little on the older side, speak with our brokers and we’ll help you find what options are available to you.
Yes. As a couple you’ll be looking for a joint policy (also referred to as a ‘multi-life’ policy). These policies will usually allow you to nominate the cover amount by person.
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Coast & Country Insurance Consultants Pty Ltd (CAR 244048 | ABN 94 080 842 600)
Authorised Representative of PGW Financial Services Pty Ltd – AFSL 384713
Corporate Authorised representative of Community Broker Network Pty Ltd | AFSL 233750 | ACN 096 916 184
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02 4334 3622
