Australians are buying life insurance at a rapid rate – effectively closing the under insurance gap that exists throughout the nation. That being said, financial advisers are cautious, as there is a lot more to be done to educate individuals in the role that life insurance plays in estate planning.

Zurich’s White Paper titled ‘Australians and life insurance: misinformed, misinsured?’ raises serious concerns on the lack of estate planning in place across Australia, with calls for individuals to spend more time focusing on estate planning with a view to securing their family’s future.

While no one wants to think about the inevitable, the question arises as to what life insurance funds will cover in the unfortunate event of a claim.

Through key points derived from Zurich’s White Paper we’ve compiled an informative range of recommendations to assist with estate planning.

– Beware of generic life insurance offers 
– Distribute your wealth 
– Ensure full disclosure for a stress-free payout 
– Engage the services of an experienced financial advisor 
– Consider all eventualities 

Ensuring you have a suitable estate plan in place will allow you to sit back, relax and enjoy the lifestyle you have created with the knowledge that your family can continue to enjoy a secure future