Term Life:

A life insurance policy provides financial assistance in the form of a lump sum to your family or other dependents in the event of your death. The proceeds can be used to meet commitments, such as the mortgage on the family home, and to maintain your family's standard of living.

It goes without saying that no price can ever be put on the value of a human life. However, life insurance is a safety net that allows your family to cope financially if you or your partner dies. In what would be an emotionally devastating time, life insurance removes one major factor of stress from financial insecurity.

Term life insurance provides death cover only - if the life insured does not die within the specified term, by age 65 for example, the policy is cancelled and there is no surrender value. This type of policy has no savings or investment component - it is only a means of managing risk.

Ensuring you have adequate life insurance for your individual circumstances can be a difficult task. We can help you by highlighting areas to consider when calculating the amount of life insurance that you require.










Charter Financial Planning is a principle member of the Financial Planning Association.
Charter Financial Planning, Level 3 447 Collins Street, GPO Box 2830AA, Melbourne 3000.