Families

You are generally aged between 30 – 50, you still consider yourself to be young. You are busy with children and trying to secure the dream of owning your own home. Whilst independent, you now have dependants that rely on you.

Main priority is providing for your family. One spouse maybe working part-time or be home full time looking after the needs of children.

What is at risk?

Your current family lifestyle could be effected. You need income to meet your ongoing mortgage repayments general household and living expenses as well as children's education costs. Your future earning potential could also be reduced.

What might happen?

There are a lot of risks you have probably never considered such as: being diagnosed with cancer, car accident, injury while doing playing with the kids, dying of a heart attack.

What are the consequences?

Income is no longer just about funding one's own life, it's about taking care of the whole family. Unable to make the mortgage repayments you could be forced to sell and enter the rental market. Your spouse's income may not be able to support all family needs. You maybe unable to earn any income for the rest of your life.

Insurance typePriority
Life Cover★ ★ ★ ★ ★
Income Protection★ ★ ★ ★ ★
Trauma/TPD★ ★ ★ ★ ★

Insurers we work with:

  • AIA
  • AMP
  • Asteron
  • CommInsure
  • Macquarie
  • MLC
  • OnePath
  • TAL
  • Zurich

How much life insurance do you need? ?

Debt + (Income x 66% x years to 65) + $10,000 for funeral
How much debt do you have?
What is your income?
What is your age?
Life Insurance Requirements:

How much income protection do you need? ?

75% of income in monthly benefit (i.e. divided by 12)
Monthly Income Protection Eligibility:
* 25% cash back payable for the first year only, once policy has been inforce for 13 months