Did you know that many over 50s in Australia have insufficient life insurance? Are you one of them?
It may not surprise you that the older you get, the more prone you are to illness or injury. At the same time, it is often the period of life when you think more about your future. Perhaps even worry how you will maintain the same standard of living for you and your family.
Among other things, having Life Insurance in your 50s could help keep you financially secure if life took a turn for the worse. Life insurance for the over 50s is a safety net that can help to help protect your family if you were to pass away or couldn’t work due to a serious illness or injury.
Do you have cover in your superannuation?
Consider: Life insurance provided within many superannuation funds may not adequately cover your life insurance needs. Often, a default level of cover is provided. If your super fund provides life insurance cover, you should take the time to consider whether the sum insured is adequate keeping in mind your levels of debt and how much you want to provide for loved ones.
Don’t have Life Insurance yet?
The good news is, it’s not too late. Plus, it may not be as expensive as you think. Already have cover? You never know, it may be worth getting a quote to see if switching could save you money next year.
Considering Life Insurance may be one of the most important financial decisions you can make. To find out more, call a NobleOak Australian based team on 1300 014 494 or click here for an online quote.
NobleOak Life Limited ABN 85 087 648 708 AFSL No. 247302 issues the products. This information is of a general nature only and does not take into consideration your objectives, financial situation or needs. Always consider the Product Disclosure Statement (PDS) (available on our website) to see if the product is right for you. The Target Market Determination for NobleOak’s My Protection Plan product is available on our website www.nobleoak.com.au/target-market-determination.