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Posts Tagged ‘personal insurance’

Personal insurance in Australia refers to policies such as term life insurance, income protection insurance, and trauma insurance. Life insurance is important in protecting the financial well-being of your family and loved ones in the event that you pass away. It pays a lumps sum to your beneficiaries or to your estate. Income protection insurance provides up to 75% of your income should you become ill or injured.

Income protection can help pay your mortgage, rent, and living expenses. Trauma insurance or trauma cover pays a lump sum in the event that you suffer from a medically diagnosed disease or condition as specified in a life insurance company’s product disclosure statement (PDS). xLife offers free personal insurance quotes, to help you find the best personal insurance quotes to suit your needs.