Family Life Cover is designed to help fill the financial gap you could leave behind if you were no longer around to provide for your family. If you die, Family Life Cover pays a cash benefit to your loved ones so that they can continue to pay the mortgage or rent, loans, school fees and day to day living expenses.
Even if you already have life insurance (for example, through your superannuation), Family Life Cover can help boost your cover levels too, so your family is not left short.
Family Life Cover isn’t just for the main breadwinner. The loss of a partner who takes care of the home and children would mean an increase in expenses for things like childcare, transportation and housekeeping. That’s why we offer the joint plan — so you can protect each other for greater peace of mind.