Self worth
Keep an eye on your future with a plan that realises your true value.
How confident are you about the future? As women, we contribute to our families and communities in so many ways, including financially. But what would happen if your financial and physical contribution was suddenly compromised? How would your family cope if something happened to you? Whether you hold an executive position or are a primary care-giver at home, life insurance is an important protection to consider. Currently, many Australian families are underinsured 1, which means their insurance may not be enough to cover future setbacks. Data from the Real Insurance Family Protection Survey2 found that the majority of Australian parents don’t have life insurance that is sufficient for their needs. Being underinsured can be a risk, so planning for financial security is important. Here are some of the benefits to consider when looking at purchasing life insurance.
“Being underinsured can be a risk, so planning for nancial security is important.”
If you’re single, life insurance can help create peace of mind by paying a lump sum to your children, parents, siblings, or other loved ones if you were to pass away. This money could help take care of debts left behind such as a mortgage, school fees, credit cards or even car repayments. If you’re in a relationship, life insurance can help make sure your partner won’t be left in financial strain if you were to die or suffer a terminal illness. The lump-sum payout can be used to cover the mortgage you’ve taken out together, or any other personal debts either of you owe like loans, or education fees. Established families with older dependant children and growing families can also benefit from life insurance cover should you need it. Adequate cover will help by providing a lump-sum cash payment to your family if you were to pass away. Getting financially fit involves planning for now, planning for future financial security and also for curveballs that life can throw at us. If you feel like you could better protect yourself and your family’s financial future, now might be a good time to look into Real Family Life Cover.