However, some people who are covered by industrial agreements and members of defined benefit funds don't have this choice. (moneysmart.gov.au)
Life insurance: Life insurance is a tool used in estate planning to provide death benefit funds for family members, loved ones and business or personal expenses in the event of your death. (policyzip.com)
The insured may also be able to have access to the death benefit funds if he or she qualifies, based on a terminal illness diagnosis. (chooseterm.com)