Mr Harris, 54, passed away after suffering a severe stroke. His wife had the peace of mind that during her time of loss and sadness she was able to pay off their mortgage, stay in the family home, provide for their children and cover other day to day expenses.
Life insurance covers your life and pays a lump sum on your death or terminal illness. No amount of money could possibly replace you, but a lump sum can be used to ensure your mortgage, personal and business loans and other financial commitments won't burden your family. It can also provide funds that can be invested to meet the ongoing needs of your family.