Life insurance can provide a lump-sum benefit to help protect the people, debts, lifestyle and business commitments that depend on you. ABS Insurance Brokers helps Australians understand their options and arrange cover suited to their circumstances.
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Life insurance is designed to help reduce the financial impact of death or terminal illness. It can help beneficiaries manage mortgage and other debts, household costs, education expenses and business commitments. ABS can help you understand the types of cover available and request quotes from suitable insurers.
Provides a benefit to your nominated beneficiaries if you die or are diagnosed with a terminal illness, subject to the policy terms.
Can provide a lump-sum benefit if you meet the policy definition of total and permanent disability.
May provide a lump-sum benefit after diagnosis of a specified serious illness or medical condition covered by the policy.
Can replace part of your income if sickness or injury prevents you from working, subject to waiting and benefit periods.
Helps a business manage the financial impact of losing a key person, business owner or essential contributor.
Can help fund an agreed ownership transfer when a business owner dies or suffers a qualifying disability.
Clear explanations without unnecessary jargon
Access to a range of insurer solutions
Understand features, exclusions and costs
Support from quote through to application
Keep protection aligned as life changes
Get a free, no-obligation quote today and build with confidence.
Life insurance can pay a lump sum if you die or are diagnosed with a terminal illness covered by the policy. The benefit is paid according to the policy terms and may help your beneficiaries manage debts, living costs and other financial commitments.
The right amount depends on your debts, income, dependants, education costs, lifestyle and long-term plans. An adviser can help you work through these needs and compare options, rather than relying on a one-size-fits-all figure.
Depending on your circumstances, options may include life cover, total and permanent disability (TPD), trauma cover, income protection, business protection, key person cover and buy-sell protection. Definitions, exclusions and eligibility vary between policies.
Some Australians have insurance through superannuation. It is important to check the level of cover, ownership structure, premiums, definitions and what happens if you change employment or super funds. Review the relevant PDS and seek advice about your circumstances.
Review cover after major changes such as marriage, children, a new mortgage, changing work or business arrangements, or a significant change in income. Regular reviews can help identify gaps as your responsibilities evolve.
