Life insurance helps to look after your beloved ones in the event of your death. The insurance company will provide a lump sum payment if you are diagnosed with a terminal illness or die.
Other benefits of life insurance may include:
- Receive an upfront payment to help with immediate expenses.
- Reimbursement for the costs of returning the life assured’s body to New Zealand if they die while overseas.
- Early payment if you’re diagnosed as terminally ill.