Life's Stages

Whether we like it or not, life tends to go through stages - it's a journey. So, regardless of which life stage you're currently at, you should consider having a life insurance policy in place to protect you and your family against life's uncertainties.

You're young, free and single. Life insurance is the last thing on your mind. But stop to think for a moment about your financial commitments and take a moment to consider 'what if'.

What would happen if you became seriously ill or disabled and were unable to continue to work? Would you be able to rely on friends and family for financial support? Would you want to rely on Government support? How will you pay for the portion of your medical bills that Medicare and private health insurance may not cover?

What about your independence? Take a moment to think about protecting your way of life and your independence. There are many different types of life insurance products that can offer a level of protection in the event that the unthinkable happens - income protection, critical illness and/or total and permanent disablement insurance.

Things are so hectic when you a have a family. You barely have time to sleep, let alone sort out life insurance. But if you have a partner and children, you really should think of your financial commitments such as mortgage payments, household bills, school fees and child care.

What would happen in the event that you or your partner became seriously ill, permanently disabled or the unthinkable happened and one of you were to pass away suddenly; how would your household financial commitments continue to be covered? So make sure you put a safety net in place to help protect your family, no matter what.

Take a moment to think about protecting your family's way of life. There are many different types of life insurance products that can offer a level of protection in the event that the unthinkable happens - life insurance, income protection, critical illness and/or total and permanent disablement insurance.

Now it's time to sit back and relax, the children have all left home and you've worked hard to build a nest egg to look after you in your retirement. You may not think that life insurance is a priority now. Even though you may have reduced your mortgage and no longer have childcare costs to worry about, what about protecting your assets and lifestyle?

You've worked so hard to build that nest egg, what would happen to it if something were to happen to you? Would you have to use your investments or savings or even sell the family home to pay for medical treatment in the event of a serious illness or permanent disablement?

Take a moment to think about protecting your retirement. There are many different types of life insurance products that can offer a level of protection in the event that the unthinkable happens - life insurance, critical illness and/or total and permanent disablement insurance.

Not sure if you're under-insured or over-insured? Start with checking out the levels of insurance cover you have in your superannuation fund. You can consider completing some research online as many direct insurers provide helpful information and insurance calculators. Think about seeking advice from a professional financial planner, as it's important to remember that your insurance requirements are unique and the level and types of cover you may need will depend on your financial situation, needs and objectives.

The information in this article is about life insurance and related products generally and not a specific product.

The information contained on this website is general information only. It does not take into account your individual objectives or financial situation. You should therefore consider the appropriateness of the insurance having regard to your objectives, financial situation and needs. Prior to making any decision you should read the Product Disclosure Statement (PDS). If you require assistance to determine if an insurance product suits your objectives, financial situation and needs then you should seek advice from your financial adviser.