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Personal Life Insurance

We’ll help your family prepare for the unexpected

Most families are carrying significant financial risk should the unexpected happen.

The big question you have to ask yourself is:

‘Would your family be able to maintain their lifestyle if you no longer earned an income?’

If your answer to this question is no, you need to consider transferring that financial risk to life insurance companies. They have a range of insurances which can help you fund your risk mitigation plan and give you enormous peace of mind – all for a small fraction of the sum insured each year.

Insurance can help your family maintain their lifestyle if life doesn’t go to plan.

Life risk insurance isn’t just about death, it can also help if you lose your ability to earn an income

The key to creating an effective life risk insurance plan is to visualise what a secure financial future would look like for your family if you were to die or could no longer earn an income.

It must take into account many issues, including ongoing living expenses, repayment of debts, and special expenses like schooling. It might also take into account the financial cost of fulfilling the aspirations of your dependants and other people close to you, or, if appropriate, your desire to leave a philanthropic legacy.

In the case of you suffering a severe illness or injury, you should also take into account the potential cost of hospitalisation, surgery, medicine, rehabilitation and home nursing costs.

Important Information

Financial advice referred to on this site is provided by Australian Unity Personal Financial Services Ltd (‘AUPFS’) ABN 26 098 725 145, of 114 Albert Road, South Melbourne, VIC 3205, AFSL 234459. AUPFS is a wholly owned subsidiary of Australian Unity Limited. Any advice on this site is general advice only and does not take into account the objectives, financial situation or needs of any particular person. It does not represent legal, tax, or personal advice and should not be relied on as such. You should obtain financial advice relevant to your circumstances before making any decisions. AUPFS is a registered tax (financial) adviser and any reference to tax advice contained in this material is incidental to the general financial advice it may contain. You should seek specialist advice from a tax professional to confirm the impact of this advice on your overall tax position. Information on this site is intended for Australian residents only and any access to this material via the internet is subject to the Terms and Conditions of Use of our website and our Privacy Policy. Please refer to our Financial Services Guide or Credit Guide. 

Nothing on this site represents an offer or solicitation by AUPFS in relation to securities or investments in any jurisdiction. Where a particular financial product is mentioned, you should consider the Product Disclosure Statement before making any decisions in relation to the product and Australian Unity makes no guarantees regarding future performance or in relation to any particular outcome. Whilst every care has been taken in the preparation of this information, it may not remain current after the date on which it is published and AUPFS and its related bodies corporate make no representation as to its accuracy or completeness.

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