Life insurance is one of those things people find confusing, but it's actually pretty simple. You pay a regular premium, and if you pass away, your family gets a lump sum.
That money can clear the mortgage, replace your income for a few years, and give the people you love some room to breathe at a really hard time.
So how much do you need? A good place to start is to add up your debts, a few years of income, and anything big coming down the track like the kids' education. It doesn't have to be exact. An adviser can help you land on a sensible figure, in the language you're most comfortable with.
One thing to remember. Quantum Cover isn't a licensed Financial Advice Provider, so we don't give regulated advice ourselves. When you're ready for that, we'll put you in touch with a licensed adviser.