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Stages of Life Insurance Guide

Life insurance for families

Protect those you love the most

Your natural instinct is to protect and nurture your beloved family unit. So you and your partner work hard to keep the kids safe, happy and healthy all year round. Between the challenge of paying down the mortgage and keeping the household running smooth, there are fun adventures and memories to make.

Have you ever thought about what would happen if life took an unexpected turn and you were no longer in the picture?

Help protect your family’s financial security

We all know that life doesn’t always go to plan. That’s why insurance is important to consider no matter what life phase – especially when you have a family to provide for. It’s no longer just about you and your partner. There are kids to clothe, feed and educate – pushing up your financial obligations. One of you may even have to cut back on work, creating even more financial pressure. You’re at a peak stage in life where responsibility is high and you’ve got the most to lose.

When you have a family, you’ve got the most to protect and the most to lose during this life stage:
  • Health
  • Home
  • Each other
  • Financial future
  • Investments


What cover could be right for you and your family?

Consider how you and your partner would survive if an unplanned event disrupted your family’s life:

If you were no longer around to support your family financially

Life doesn’t always go to plan. If you fell critically ill or died before your time, your surviving partner and kids could be left out to dry – not just emotionally, but financially.

This product may be suitable

Life Insurance

Life insurance is a solid Plan B to help you care and provide for your family when you can’t. It can ensure the household still operates, bills and the mortgage are met and the kids are clothed, fed and educated.

All features & benefits Get a quote

You could get sick or injured and be unable to work

Injury and illness is never good news, especially when it means you’re out of action. Without your contribution, how would your family fulfil your household’s many financial demands – let alone the upkeep? After all, there’s a dollar value put on cleaning, cooking and looking after the kids if you had to pay someone else to do it.

This product may be suitable

Income Protection

Receive a monthly benefit to help put you and your partner in good stead for the long run. It may be the difference between being able to pay pricey medical bills and the mortgage, instead of putting your family unit through financial hardship.

All features & benefits Get a quote

Policy terms (including waiting periods, exclusions and limits) apply. Read the relevant Product Disclosure Statement for full details.

The perks of being prepared

Having the right family life insurance policy in place can bring a number of benefits:

  • Affordability

    The earlier you take out Life Insurance and Income Protection, the cheaper it may be. One nifty way to save further on premiums is to select a shorter benefit, one year instead of two. That way, you’ve still got protection in place.

  • Stability

    Sleep easy knowing that your family have a financial plan to help them get through life’s humps and bumps. If the worst happened, it could prevent you having to sell off the family home, move suburb or change schools just to get by.

  • Get ahead

    Let insurance contribute to the cost of unexpected hiccups. That way, you can watch more of your rainy day savings grow and reduce the drain on your assets.

  • Tax break

    You may be eligible to claim your income protection premium at tax time. The tax treatment of Income Protection will depend on your individual circumstances.

Facts of life

48% of Australians say they wouldn’t survive 3 months without their job.

ABS January 2014

Life Insurance Tips

Why do you and your family need life insurance?

Your family

Why do you and your family need life insurance?


It's not easy talking about matters of life and death, so we’ve put together this list on the kinds of cover you might like to discuss when having that hard conversation.

Got a question?

Ask the AAMI Virtual Assistant