A unique Life Insurance offering from Lakeside Consultants, Charity Life, will see a charity receive a donation in the event of a person’s death.
Customers choose one of ten charities when they sign up for a policy charities include Oxfam, The Salvation Army, and The Royal Children’s Hospital.
The amount donated depends on the amount insured for, if a person is insured for $500000, the donation will be $25000, while if they are insured for $2 million, the donation will be $100000.
The donated sum is not subtracted from the insurance policy, Charity Life covers the cost of the donation separately so that beneficiaries of the policy are not disadvantaged.