When and why should I review my insurance
Life insurance isn’t a ‘set and forget’ kind of thing, because life doesn’t stand still.
That’s why with some life insurance products there are times when you can increase cover without providing new health information. These moments are called ‘special events’ and they include:
Milestone birthdays. With some policies you can increase cover with no new health information at ages 25, 30, 35, 40 and 45.
Getting married or moving in with a partner. Becoming a couple is often a catalyst for getting life insurance.
Adding to your family. Having your first baby or growing your family means your income is more important than ever. It’s a good time to think about increasing your insurance.
Buying property. Some types of life insurance can protect your ability to continue to repay your loan, if your income is disrupted for an extended time by sickness or injury.
Increasing the size of your home loan. If you increase your borrowing, it’s good to think about increasing your protection.
Paying off your mortgage. You might be free of your home loan, but you might want to keep a level of life insurance to protect future plans.
Is your cover up to date?
It’s worth checking in with us to see if your cover is up to date - especially if anything’s changed in your life or business recently. There’s no charge for a review.