Unveiling Life Insurance myths
Here’s what we have to say about the three most common Life Insurance myths.
Myth #1: I’m young and healthy – I don’t need Life Insurance
Accidents and illness do happen and they take us by surprise. But if you wait until you’re older or get sick or injured before taking out Life Insurance, it’s likely to cost you much more or be harder to get.
Once you have your Life Insurance policy in place, you can keep renewing it, provided you continue to pay your premiums on time, giving you the access to the same cover regardless of changes to your age, health or lifestyle.
And the earlier you apply, the greater cover and protection your loved ones will have – just in case.
Myth #2: Life Insurance is only for couples and families
If you’re single, Life Insurance can help you:
- Receive a benefit if you suffer a serious illness, or are totally and permanently disabled, so you can pay for your care and living expenses
- Pay off any debts you may have at the time of your death, so you can leave your property and assets to your loved ones
- Make sure that anyone who is financially dependent on you – such as a niece, nephew, elderly parent or grandchild – can be taken care of if you pass away
- Cover any debts against your business, so that your partners or beneficiaries won’t be left with them
Myth #3: Life Insurance is really expensive
Most of our customers are surprised to find just how reasonably priced Real Life Insurance can be. For example, Family Life Cover starts at just $1.46 per week for $100,000 of cover (this figure is based on the standard rate for a female non-smoker, aged between 18 and 34).
With The Real Reward™, we’ll pay back 10% of the first year’s premiums you’ve paid when you’ve held your Policy for more than 12 months, and there are extra rewards if you refer your friends or family to us.
There are also some things you can do to get more value from your Life Insurance policy. See Getting the best value.
To find out just how affordable Life Insurance really is, call 1300 377 325 now.