Pandemic place her family in better financial position

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Reference no: EM133652698

Question

Melody is the main income earner for her family, and she is currently putting in place life and TPD cover. The main motivator and purpose of these covers is to:

Provide a partial payment of the sum insured in the event of a pandemic Place her family in a better financial position should she pass away prematurely than is otherwise achievable Minimise financial loss if she is affected by one of the hazards of life Eliminate the need for private health cover and reduce the Medicare levy.

Reference no: EM133652698

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