Life Insurance

What it does: Pays a lump sum to your beneficiary when you die or
are diagnosed with a terminal illness with less than 24 months to

How much it delivers: You need to assess your income, age,
health and family situation before determining what an appropriate
payout would be. This may be used to pay off a mortgage, cover
children’s education, provide an income for your spouse, cover
funeral expenses and pay down any other debts.

How you pay for it: By annual or monthly premium to an insurance
company. This can also be paid by your superannuation policy.

When it’s claimed: Your beneficiaries claim when you die, and
sometimes it can be claimed if you’re diagnosed with a terminal
illness, with less than 24 months to live.


The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product.

Westbook Investments Pty Ltd trading as Pilot Insurance ABN 12 085 026 713 is a Corporate Authorised Representative (No. 462716) of Crown Wealth Group Pty Limited ABN 22 603 037 510 AFSL No. 494274