If you died, or were suddenly diagnosed with a terminal illness, how would your family cope financially? Could they afford the mortgage repayments? Put food on the table? Continue to live their current lifestyle?
Life insurance is one of those things you dont realise you need, until you actually need it. One New Zealander dies every 16 minutes on average so it pays to ensure your loved ones are looked after when youre gone.
Life insurance will pay out an agreed lump sum when you die. Or in the case of a terminal illness, you can access that money 12 months in advance. Its entirely up to you how its spent “ cover funeral costs, pay off debt, replace lost income, put money aside for your childrens education, or buy a Harley-Davidson. Yep, weve seen it done!
Ownit will help you anticipate those future needs and recommend a Life policy thats right for you.