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Stages of Life Insurance Guide

Life insurance for mature singles

Safeguard your way of life

No matter what path you’ve taken so far, there’s no doubt you’ve worked hard to get to this point in life. You enjoy your financial freedom, you know who you are, know what you want and have already ticked off a few more life goals – like establishing a rewarding career, seeing the world and maybe even trying your luck on the property ladder.

If your life took an unexpected turn, are you prepared to handle the hiccup all on your own?

Why is insurance still important for singles?

With or without kids, you still have immediate and ongoing expenses to cover. If you were unable to work due to a serious injury or illness, or perhaps you passed away before your time or became permanently disabled, what support would you have to rely on? If you’re a single parent, who would nurture and protect your tribe?

Getting insurance can ensure that your relatives and friends don’t have to come to your rescue and endure financial hardship by taking on your unresolved debt. It’s also nice to know that you could leave them your legacy, instead of selling off your assets to cover mounting bills.

Protect what matters most:
  • Lifestyle
  • Financial Independence
  • Investments
  • Travel & treats
  • Relatives


What cover could be right for you?

Consider how you would cope in the following scenarios and what it would mean for your family:

You could get sick or injured and be unable to work

If a nasty surprise put you out of work due to injury or sickness, are you able to keep everything afloat? Without a regular income medical bills (which may run into the thousands) and everyday expenses, the financial pressure can be difficult. And what about your rent or mortgage? Income Protection gives you options and could provide financial freedom when you need it most.

This product may be suitable

Income Protection

Receive a monthly benefit to help take the financial burden off the people you love by covering your immediate and ongoing expenses. That way, you can focus on more important things like a speedy recovery.

All features & benefits Get a quote

If you were no longer here to support your family financially

You may think death is a long way away from your doorstep, but nobody knows what would happen tomorrow.

If you did leave your family behind, be it your parents, brother, sister, or kids, you could be leaving them with your personal debt, too.





This product may be suitable

Life Insurance

Life insurance helps ensure that your final expenses, personal debt are covered and if you’re a parent, that your kids are cared for. That way, your aging parents, friends and relatives can move forward more comfortably.

All features & benefits Get a quote

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

Reap the rewards of being prepared

Life insurance offers you a wealth of benefits – some which can’t be seen or touched right now, but could mean everything to yourself and those closest to you:

  • Affordable

    The best time to buy Life Insurance and Income Protection is when you’re in good health and relatively young, as you’re considered less risky to insurers. For Income Protection you can keep costs even lower by choosing a shorter benefit period. That way, you’ve still got cover in place.

  • Assurance

    Gain confidence knowing that your closest relatives and friends may not have to carry your debts or endure financial worries if you weren’t well or no longer in the picture.

  • Flexibility

    You should always assess whether you have sufficient protection in place with the option to decrease or up your level of cover at significant life events. E.g, if you buy a home, start a business or get married.

  • More freedom

    If any nasty surprises and hospital bills pop up, your insurance could help you deal with them. That way, you could avoid having to drain or sell off your assets. Plus, you could then spend your tucked away savings on the things you actually love.

  • Eligibility

    Somewhere down the road, failing health could prevent you from being approved for life insurance. If you have a pre-existing condition (like diabetes or heart disease) and manage to qualify for a policy, you can expect to pay a higher premium in return. So getting protection in place while you’re in good health is worth considering and almost always gives you a cheaper annual premium.

  • Offset tax

    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

More than three in four Australians are diagnosed with a serious illness in their working lives.

Source: ABS January 2013

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