Life insurance helps to ensure your loved ones are taken care of, financially, if you die. It’s paid out in a lump sum to your beneficiaries. Insuranceline offers a tax-free payout of between $100,000 and $1.5 million.
Life Insurance policies cover all causes of death, except for suicide and death as a result of intentional self-harm during the first 13 months of cover. Insuranceline aims to make the claims process as smooth and stress free as possible, and offer personal assistance from highly experienced claims managers.
Cancer Cover can pay up to $250,000 if you’re diagnosed with cancer (of a specified criteria). This payment can be used for anything - lost income, medical expenses, required assistance, or even a recuperative holiday.
Major Illness Cover, also known as Trauma or Critical Illness Insurance, pays a lump sum if you suffer a major illness such as heart attacks (of a specified severity), stroke (resulting in neurological deficit), and some forms of cancer (of a specified criteria).
For more information on these see the Combined PDS/FSG for Life Insurance