Life Insurance
Safeguard Your Future With EIG
What is Life insurance?
Life Insurance provides a lump sum payment in the event of the policyholder’s death or diagnosis of a terminal illness. At EIG, we can help you find the most suitable policy for your unique situation.
Benefits of Life insurance
Ensures your loved ones can manage expenses and maintain their lifestyle.
Helps settle mortgages and loans, easing the financial burden on your family.
Gives you confidence that your family’s future is financially secure.
Supports your family’s long-term goals, like education or retirement.
Need tailored life cover for you & your family?
Getting you the best from Australia's top life insurers
The EIG Difference
Customised, comprehensive solution tailored to you
Strong insurer relationships means a better deal for you
Expert claims management in your time of need
Premium support & Personalised service
Frequently asked questions
Life insurance provides a financial safety net for your loved ones. You pay regular premiums, and in the event of your death, the insurer pays a lump sum to your beneficiaries. This money can cover living expenses, debts and other financial needs to ensure their stability.
Life insurance is ideal for anyone with financial dependents, such as a spouse, children or elderly parents. It can also be beneficial if you have significant debts or want to leave a legacy. It ensures your loved ones are financially secure if something unexpected happens to you.
Yes, life insurance policies are customisable. You can choose the amount of coverage based on your financial responsibilities, such as paying off a mortgage, supporting children’s education or replacing your income. Working with a broker is a great way to ensure you get optimal cover.
In most cases, life insurance payouts are tax-free for the beneficiaries. However, certain situations, like payouts from a policy held through a superannuation fund, might have tax implications.
Yes, many policies offer flexibility to adjust coverage as your circumstances change. For example, you can increase coverage after major life events like marriage, buying a home or having children. Reviewing your policy regularly ensures it continues to meet your family’s financial needs.
