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The importance of life insurance now you’re a father

As a new Dad, you can’t always predict what might happen to you, but you can do everything in your power to ensure a safe future for your newborn. Here’s how.

It’s the question that no one ever wants to think about: what would happen to your children if you passed away unexpectedly?

At Life Insurance Comparison, we recognise that as a father, you feel as though it’s your job to protect your family. Death is an inevitable fact of life—but what isn’t inevitable is the financial position you leave your family in.

Being a dad, and maybe even the sole income earner, can be a massive responsibility, so it’s no wonder you’re carrying the weight of the world on your shoulders. That’s why Life Insurance Comparison is making it their mission to help Australian fathers find and move to cheaper life insurance cover in 2019.

We know that not everyone has the money, or the time, to compare cover. We make comparison simple and easy for busy parents. With the ability to select from a panel of Australian insurers, you can compare in half the time it would take to brew a cup of coffee—and the process is totally free.

The harsh reality is that you can’t plan for everything. But you can be prepared, and comparing life insurance to find the best deal available is one of the best ways to protect your children. More than just death cover, you can also insure yourself against partial and total disability, and purchase income protection to replace salary lost to injury.

Here’s How You Do It:

Step 1: Select your current age below.
Step 2: Once you answer a few questions, you will have the opportunity to compare quotes from up to 10 of Australia’s largest insurers. You may also be entitled to a free consultation.

Thankfully there’s an easy way to find cover that fits your budget, and it starts with this simple trick that could save you time and money. Comparing policies can help you find the cover you want to protect your children at a price you can afford.

By assessing the value your life first, you can better look after the lives of your children. As a Dad, you can be confident knowing that they’re being looked after, even after you’re gone.

The good news is that for most men, the younger you are, the cheaper your premiums will be. Some policies will even allow you to lock in these low premiums all the way until you retire. Comparing policies can help you find the cover you want to protect your children at a price you can afford.

A 30 year-old male, non-smoking office worker can get $500,000 of cover for as low as $4.45 a week, or lock in a fixed premium of $8.13 that lasts until he’s 65.  A 50 year-old in the same situation can see fixed premiums as high as $52.50 a week.

In Australia, many families don’t have the right insurance cover to receive the best financial support for their children after the sudden loss of the main income earner. A recent report discovered that 60% of Australian parents would not be able to maintain their family’s standard of living with their current life cover. [1] We know how important it is to provide the best care for your family. It’s vital that if anything were to happen to you, your children wouldn’t face these costs alone.

Cover should provide consistency of life for the loved ones you leave behind, but it turns the median level of cover is only enough to cover 61% of basic death costs. [2] Many fathers aren’t aware that it’s actually possible to change and upgrade your cover, all while keeping the same super fund, or paying for your premiums from the balance of your superannuation.

Since launching, Life Insurance Comparison has helped thousands of Australian parents find cheaper life insurance. The online service helps you find policies that offer the cover you want.

Sadly, studies have found that nearly half of families who lost a parent reported that their partner or parent’s death was completely unexpected. [3] As a father, it’s vital to understand how better cover can help your family prepare for sudden tragedies that leave behind an unexpected financial gap. Whether you’re earning an income or you’re a stay-at-home Dad, your contribution to your family is important and deserves to be secured.

Good life insurance cover doesn’t have to be expensive. To find a life insurance policy for your family, visit Life Insurance Comparison or contact an in-house adviser today.

Be the best father you can be. Compare today to better protect your children’s tomorrow.

 

Get Started Now:

Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

LifeInsuranceComparison.com.au's online quote comparison tool makes it easy to get quotes from 10 of Australia's biggest life insurers