Life Insurance for Maturing Families
Once you start to head into the ‘home stretch of parenting’, your financial situation is usually under a bit more control, and you can start to look forward to the prospect of retirement and perhaps some new investments. Even though the kids may still be living at home, they’re now more self-contained and at or near employment age themselves.
Mature families in Australia – life on cruise control
Families with parents in the 45-55 age range have normally established a lifestyle worth protecting. The mortgage is either shrinking rapidly or paid off. As children become older and prepare to leave home, it may even be possible for both partners to return to full-time employment if they choose. By now there is less long-term debt, less concern about financial security and more disposable income for things like holidays or long-delayed home renovations. While more stable in the financial sense, this life stage also tends to be more time-poor. By now there is less long-term debt, less concern about financial security and more disposable income for things like holidays or long-delayed home renovations With many high school graduates and university students electing to live at home to save money, the responsibility for your family’s financial well-being still continues.
The importance of life insurance for maturing families
As your children get ready to go out into the world and pursue their own dreams, saving for retirement, making sensible investments and consolidating your financial situation become major priorities. Financially, there is a lot at stake in getting this life stage right and ensuring you will be well placed to enjoy your later non-working years. Financially, there is a lot at stake in getting this life stage right and ensuring you will be well placed to enjoy your later non-working years Life insurance for mature families is all about protecting the lifestyle you’ve worked so hard to create over the past couple of decades.
Choosing the most suitable cover for this stage of life
There are some great reasons to choose Budget Direct Life Cover for your maturing family. You can apply over the phone without medical or blood tests, you can obtain a benefit of up to $1 million (depending on age) and you can take advantage of our 10% existing customer policy discount for new Budget Direct Life Insurance policies. Because it’s Budget Direct, you know you’ll be getting a very competitive price. Our flexible life insurance products are tailored to your needs and budget, providing the peace of mind that comes with knowing you’re protected if you should become seriously ill, injured or pass away.
Budget Direct Life Cover is a Death Benefit that provides for your loved ones if the unthinkable happens and you become terminally ill or pass away. This lump sum payment can help your family cope with financial obligations if you’re not there to provide for them. Budget Direct Life Cover is a Death Benefit that provides for your loved ones if the unthinkable happens and you become terminally ill or pass away It features worldwide cover 24/7, a 30 day cooling-off period, multiple payment options, inflation protection and much more. This cover is also available for part-time workers and homemakers. The application process is easy and straightforward, and you’ll have immediate cover upon approval.
There are several additional benefits that can be added to your existing Budget Direct Life Cover policy to enhance your cover and protect you for specific situations. For example, our Trauma and Trauma Plus Cover are optional benefits that provide for your family if you should suffer a clearly defined type of serious illness or injury. These include coronary artery bypass surgery, heart attack, stroke and certain types of cancer.
Total & Permanent Disability (TPD) Cover financially provides for you and your family if you should suffer a total and permanent disability that prevents you from continuing to work in any occupation or manage your home. Major car accidents, serious falls, head injuries and spinal trauma can all lead to permanent disablement, so this is a crucial cover to consider. We never like to even imagine such a scenario happening to us, but unfortunately the risk is always there.
Our children (at every age) are a precious part of our lives, and protecting them is a natural instinct. Children’s Cover is designed to provide financial protection if your child should be diagnosed with a terminal illness, suffer from a specified serious injury or illness or pass away. A per-child benefit of between $20,000 and $50,000 is offered to financially assist you in these challenging circumstances.
Budget Direct Life Cover, Trauma and Trauma Plus, TPD and Children’s Cover all feature very specific terms and conditions and come with their own sets of limitations and exclusions. To ensure you fully understand the extent of the cover offered, please take the time to read the Product Disclosure Statement for all the details.
Get a quick online quote from Budget Direct now - it’s simply smarter!
To make sure your family is covered for the unexpected, why not get an online quote on life insurance from the friendly folks at Budget Direct today? You may be pleasantly surprised at what you can save!