What is Life Insurance

You insure your home, your contents, and your car, what about you?

Life insurance provides cover for your family in the event of your death, and provides peace of mind knowing that your death will not result in financial hardship for loved ones and potential financial burdens such as mortgages, personal loans and credit card debt.

A life insurance policy is a legal contract and the terms of the contract describe the limitations of the insured events. For example, there may be specific exclusions written into the contract to limit the insurer’s liability such as claims relating to suicide, fraud, war, riot and civil commotion.

Everyone needs some form and level of life insurance coverage, just the cost of a funeral is now averaging out at $10,000. However as a general rule if anyone would suffer a financial loss if you died, then you need life insurance.

This is where Jason Dawson Financial Planning (JDFP) can help, we will work with you to understand the type of protection you need for your family within a budget you can afford.

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