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Why do new parents get life insurance?

As a new parent, an exciting world of new experiences and responsibilities lies ahead. You might also start thinking about supporting your new family if something bad happens.


How can life insurance help a family?

Life insurance could be a way to protect your family’s financial security. There are different types of life insurance that may help you and your family. For example:

  • Life cover can pay a lump sum if you die or are diagnosed with a terminal illness and are given less than 12 months to live.

  • Trauma cover can pay a lump sum if you’re diagnosed with any of the specified conditions defined in your policy, such as Alzheimer’s disease, Multiple sclerosis a stroke or a serious cancer. For some conditions, cover starts 3-months after you’ve taken out a policy.

  • Income and mortgage protection both can pay a monthly income for up to the period selected if you can’t work due to sickness or injury.

What about life insurance for solo parents?

Life insurance could be a consideration for anyone having a baby. Solo parents may need it even more if they’re the family’s only income earner.


How much cover do you need?

We can help you work this out. It’s about covering what’s important to your family, such as mortgage repayments, living expenses and your child’s future financial needs.


Contact us today for a free no obligation consultation.




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