Life Insurance
What is Life Insurance?
Life insurance is a financial product that provides a lump sum payment to your beneficiaries in the event of your death or if you’re diagnosed with a terminal illness. This payout can help cover outstanding debts, funeral costs, and ensure your family’s financial security.
At Silverstone Financial, we guide you in selecting the right life insurance policy to ensure that your loved ones are supported, no matter what the future holds.
Why Do I Need Life Insurance?
Having life insurance in place ensures that your loved ones are financially protected. Consider life insurance if you:
Have a Mortgage
Ensure your family can maintain their home without the burden of mortgage payments.
Carry Debts
Cover personal loans or short-term debts to prevent financial strain on your family.
Want to Cover Funeral Costs
Funeral expenses can range from $12,000 to $15,000; life insurance can alleviate this burden .
Seek Income Replacement
Provide your family with the means to maintain their lifestyle and cover daily expenses.
Wish to Leave a Legacy
Create an inheritance for your loved ones, even if you don’t have substantial savings.
Support Children's Education
Ensure your children’s educational aspirations are met without financial compromise.
Additional Benefits of Life Insurance
Many life insurance policies offer built-in benefits at no extra cost, including:
- Funeral Support
Assistance with funeral expenses.
- Parents Grieving Benefit
Support for grieving parents.
- Special Events Increase Option
Increase your cover during significant life events.
- Financial and Legal Advice Benefit
Access to professional advice services.
- Counselling Benefit
Support for mental health and well-being.
- Premium Holiday Option
Pause your premiums during challenging times.
- Future Insurability Option
Increase your cover without additional medical evidence at specific anniversaries.
- Waiver of Premium Option
Waive premiums if you’re unable to work due to sickness or injury.
- Premium Conversion Facility
Fix your premiums for a set period, providing long-term budgeting certainty.
How to Claim Life Insurance?
To make a life insurance claim:
-
Notify Your Silverstone Financial
Services or Your Insurer
Contact your insurance provider as soon as possible.
-
Submit Required
Documentation
Provide necessary documents, such as a death certificate and proof of identity.
- Policy Review
The insurer will assess the claim based on the policy terms.
- Claim Payout
Upon approval, the lump sum payout will be made to the nominated beneficiaries.
At Silverstone Financial, we assist you throughout the claim process, ensuring a smooth and timely experience.
Why Choose Silverstone Financial for Life Insurance?
Life insurance isn’t just about protection — it’s about providing for the people you love.
Future-Focused
Planning
We help you build cover that aligns with your long-term goals — from children’s education to mortgage payoff.
Flexible
Structures
Choose between lump sum or income stream benefits — or a blend — with our expert help.
Family-Centric
Advice
We design plans that reflect your unique family structure and future responsibilities.
Legacy and Estate Support
We offer guidance on structuring life insurance for tax efficiency and smoother wealth transfer.