Life insurance provides for those who leave behind if you were to die or become terminally ill It’s pretty simple you pay money to an insurance company That’s premiums. So the in the event of your death, your loved ones will be paid a tax-free lump sum of cash, this is your sum insured. When the company is paid out. This is called making a claim. The money can be used for anything your family needs such as their rent or mortgage, bills, groceries funeral costs, school fees or a holiday. At Pinnacle Life, it’s easy to work out how much you need and get a quote. You can even buy your policy online. It takes around 10 minutes, which means you’ll be covered straight away. No waiting. Visit pinnaclelife.co.nz.