The unexpected death of a loved one can have a devastating effect on those who are left behind. Will the family home need to be sold as mortgage repayments become unaffordable? Will there be sufficient funds to cover regular living expenses as well as holidays and school fees?
In New Zealand, one in six men and one in nine women who reach the age of 30 will die before 65. It is easy to say, “It won’t happen to me”, but premature death isn’t really about you, it’s about the people who depend on you for financial support. Life Insurance can alleviate the financial pressures on your loved ones at this time.
Lisa was a mum of two and opted to take out Trauma Cover and Life Cover. As it turned out, she made a wise choice, because a year later, she was unfortunately diagnosed with breast cancer and required a double mastectomy.
While Lisa was able to claim on her Trauma Cover, tragically, the cancer returned and she was diagnosed with terminal cancer.
By claiming the terminal illness benefit of her Life Cover, Lisa was able to enjoy her final months with her family without the pressure of financial worries, and even took her family on a memorable holiday. She died at age 32 knowing their future was financially secure.