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Life Insurance

Life Insurance lifestage guide

Look at ways to protect yourself depending on your circumstances

Life insurance for each stage of life

Sometimes it can be hard to know what type of insurance you need. To help, here’s a convenient lifestage guide that highlights some of the risks you may need to consider depending on your circumstances.


Tom, 24, is a bricky. He’s single (and looking), plays footy for his local club, and loves to go out and have a good time on the weekend. Because he’s young, active and healthy, he sometimes feels like he’s bullet-proof. But because his work is hard yakka he knows there’s a chance of getting hurt. Tom took out an AAMI Accidental Injury Insurance policy to help cover his bills in case he was injured and had to down tools for a while.


Jane, 29, and Oscar, 30, just bought their dream home in the country. They both work full-time and now that their partying days are over, they like to spend their weekends in the great outdoors. Because they rely on each other financially, they each took out an AAMI Income Protection and an AAMI Life Insurance policy to help cover the cost of their mortgage and other bills if one of them got sick, injured and was unable to work or died unexpectedly.


Dina, 35, and Pete, 34, rent an inner-city apartment and are both flat-out working and looking after two young children. Pete’s a contractor and couldn’t work recently because of a broken foot that kept him laid up. When he was off work, they found it tough managing on only one income. Once Pete recovered, they decided to get AAMI Accidental Injury Insurance to help if one of them couldn’t work due to injury and AAMI Life Insurance to help out financially if one of them was no longer around.


Alison, 59, has a successful business, but she’s looking at her options to sell the business and transition to part-time employment because she’s after a better work-life balance. Now that she’s downsizing, she’s concerned that if she couldn’t work because of sickness or injury, it’d impact her lifestyle and stall her plans. Alison chose AAMI Income Protection so that she wouldn’t have to empty her savings or potentially increase her debt if she couldn’t work for a while. 


Deb, 52, and Walt, 51, have three adult kids who’ve all moved out of home (finally!). They both work pretty close to home and love their new-found freedom. While Deb and Walt own their home, they help pay for Walt’s mum’s care.  Deb and Walt each took out an AAMI Income Protection and an AAMI Life Insurance policy so they can continue to help out and stay on top of things if either of them was sick, injured or died unexpectedly.

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Any advice on this page is general in nature and is provided by Platform Ventures Pty Ltd ABN 35 626 745 177 AFS Representative Number 001266101 (PV). PV is part of the Suncorp Group and an authorised representative of TAL Direct Pty Limited ABN 39 084 666 017, AFSL 243260 (TAL Direct). The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on the advice, you should consider the appropriateness of the advice, having regard to those matters. Before making a decision about the product you should consider the AAMI Life Insurance Product Disclosure Statement available from Asteron at or by calling 13 22 44 . AAMI Life Insurance is issued by Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron).  Asteron is authorised to use the AAMI brand. TAL Direct and Asteron are part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 (TAL) group of companies. If you decide to purchase or vary a financial product, PV will receive fees and other benefits, which will be a dollar amount or a percentage of the premium you pay. You can ask us for more details.

Asteron supports and adheres to the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry through the Financial Services Council to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities. Download the Code here. For more information contact the Financial Services Council on (02) 9299 3022 (local call cost), email or visit

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