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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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AAMI Life Insurance is issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (SLSL) and is distributed by Suncorp Financial Services Pty Ltd ABN 50 010 844 621, AFSL 229885 (SFS) under the AAMI brand. AAMI Income Protection is issued by SLSL and distributed by SFS under the brand, AAMI, and AAI Limited ABN 48 005 297 807, AFSL 230859 (AAI), who only issues the redundancy benefit. AAI trading as AAMI does not provide any financial product advice in relation to AAMI Life Insurance and AAMI Income Protection (except in relation to the redundancy benefit). Eligibility for cover and the payment of any benefit are subject to the relevant terms and conditions including no claim and waiting periods, exclusions, limits and eligibility conditions. Any advice in this information is general advice only and has been prepared without taking into account any person’s objectives, financial situation or needs. You should consider the Combined Product Disclosure Statement (PDS) and Policy Document for the AAMI Income Protection Insurance product and the PDS and Policy Document for the AAMI Life Insurance product before making any decisions about whether to acquire any of these products. Go to for a copy. 

Suncorp 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