Life insurance advice & planning

In Australia, 60% of families with dependents will run out of money within a year if the breadwinner dies1

Who would provide for your family if something went wrong?

How would your debts be taken care of?

We all take our health for granted and rarely think that anything bad could happen to us.

Yet it's important to consider how your dependents would get by financially without you.

Imagine your family coping with both personal tragedy and a dramatic decrease in their living standards – like losing their home – it's a horrific thought.

‘Life’ or ‘family’ insurance pays a lump sum amount in the event of your death, helping protect your loved ones’ lifestyle and future. It helps ensure your family could survive without you, paying off their debts and providing them with an income to continue living.

Life cover starts from just a few dollars a week – the same as a latte!

It's something we don't like to think about but it's vital for your family that you do. If the worst happens, at least they won't have to worry about money, and you can be confident that the lifestyle you worked so hard to create can still be their reality.

It can all change in the blink of an eye

Life insurance can't prevent the unexpected, but it can make life a lot easier for those you leave behind. Life insurance lets the people who matter to you continue to lead a decent lifestyle if you were to pass away unexpectedly.

None of us likes to think about our own mortality. But ignoring the possibility that you could pass away prematurely could see your family facing a financial struggle if tragedy occurred.

Life insurance addresses this risk

Life cover provides a lump sum payout to the people you nominate in the event of your death. The money can be used in whatever way they choose – to pay off the home loan, fund your children's education or simply meet regular bills. It means they can rebuild their lives without financial stress.

Arranging life cover is surprisingly easy

Our FinChoice financial advisers can help you decide the level of cover that is right for your needs. Even better, life insurance can often be arranged without the need for a medical. Contact a FinChoice financial adviser today to discuss your options.

1IFSA (2005) A Nation Exposed: Investigating the Issue of Underinsurance in Australia, Rice Walker Actuaries and TNS Australia, Sydney

Life Insurance FAQs

Life insurance provides a source of income to your family should you die unexpectedly or become disabled.

While no one ever wants to think about their own death, if you are the main (or one of the main) bread winners in the family and you were to pass away or become permanently disabled unexpectedly, then you could leave your family with a significant financial burden to bear. By taking out Life Insurance, you can secure your family’s financial future.

The cost of life insurance will vary depending on your age, health and lifestyle.