You’re happy being on your own, and plan to be that way for a while. It’s great that you’re thinking about your future – as often it’s something we don’t like to ponder on too much. Some of the things you’ve been thinking about might be:
- How will I pay the bills and mortgage / rent if I get sick and can’t work?
- If anything happens to me, will there be enough cash on hand so that mum and dad / my family don’t have to worry about covering any immediate expenses while they sort out my estate?
- I want to leave a legacy for my nephews and nieces, to ensure that their future lives are made easier, because they are also my family’s future.
The table below shows you what people who were thinking about a similar future to you have asked for quotes for cover on:
Type of cover Average level of cover asked about
This cover provides for those you leave behind and helps them pay the mortgage, invest in your children’s education, put food on the table and pay the bills.
Adding disability cover to your life policy provides a payment to make life easier if you become totally and permanently disabled.
Adding Critical Illness cover (also known as trauma cover) to your life policy will ease the burden if you suffer from one of the covered conditions.
Income Protection Cover$13,900$30,000$54,600
This cover provides you with a regular monthly payment to help replace your income if you are unable to work due to illness or injury. It provides for you and your family through this tough time.
* Data is provided by Chatswood Consulting Limited and is based on quote data for the period July 2018 to June 2020. This information is not personalised advice and is not a recommendation to purchase a certain level of life insurance.