Life insurance options to suit you and your family

There’s no denying that raising a family can be expensive, and sometimes it’s a challenge to juggle financial priorities. The good news is when it comes to life insurance, there are ways to affordably protect your income, life and legacy so you can keep meeting everyday living expenses while having peace of mind that your family is protected.

Why prioritise life insurance?

If you’ve got a family, you should consider protecting them through insurance. There are different types of life insurance products designed to provide financial support if you become ill or injured or if you were to pass away. These are all challenging times for families, and insurance can help relieve the financial burden when it’s needed the most. Our ability to earn an income is often something we don’t think about protecting until we actually need it. Being proactive can make a huge difference to your future if things were to take a turn for the worse

Insurance through super — payments that won’t affect your take-home pay

Most super funds provide life (or ‘death’) and total and permanent disability (TPD) cover, and many also provide income protection, to eligible members. Premiums are deducted from your super balance instead of your bank account, so there’s no impact on your take-home pay. It’s a convenient and affordable way to safeguard yourself and your family.

While most super funds provide a default level of life and TPD cover, and often income protection as well, there’s a risk that the cover may not be sufficient to meet your needs. Default insurance through super isn’t tailored to your personal circumstances, so the cover and conditions may not be optimal for your family’s protection. Let me know if you’d like me to check whether you have insurance through super and if it’s right for your situation.

Check your cover matches your lifestyle

Another way to keep insurance affordable is to review it often and make sure you have the right cover in place. If you aren’t, you may be paying more in premiums than you need to. For instance, as you reduce your debts, you probably won’t need as much life insurance cover, and you may look at reducing it so you’re paying less in premiums. Insurance should be reviewed when you experience life changes, like a change in job or income, having a child, or having a career break. These are all good prompts to give me a call so we can review your finances and keep them on track.

How we can help

We can help you check your cover levels — inside and outside of super — and see if the amount and types you have suit your budget and needs, so you can rest assured that your family is properly protected.