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Life Insurance

What is the Purpose of Life Insurance?

A happy senior couple sitting on the front of a sail boat on a calm blue sea

Life insurance pays a lump sum on the death of the life insured, or, in many policies, if the insured person is diagnosed with terminal illness that is expected to result in death within 12 months. The lump sum is intended to replace your future earnings so that dependents continue to be met.

If you want to know more contact a Specialist SMSF Solutions adviser today, on 02 4942 0280.