top of page
Closeup of a Black Dog

Do I need

Life Insurance?

How Do I Know If I Need Life Insurance?

Insurance needs are unique to each person, but generally the need for life insurance coincides with major life events, such as getting married, buying a house, having children or starting a business. Essentially, when your financial responsibilities increase, its always a good idea to think about what would happen if you were no longer here. 

Life insurance is a financial safety net for your nearest and dearest, so you know they are looked after financially if the worst was to happen.

What Are The Benefits?

Life insurance pays a lump sum amount if you pass away, and with some insurers if you are diagnosed with a terminal illness this can be paid early.  Life insurance can be used however the receiver sees fit, this may be paying off debt, investing for retirement or kids education or taking time off work to grieve.  We work with you to establish what is important to YOU.

How Much Life Insurance Do I Need?

We can help you work out the right amount based on your current situation. Everyone is different, we can work with your goals and budget to create a personalised plan.  

You may want to cover things such as your mortgage, education funds for kids, time off work for your spouse, funeral & estate costs.

Who Will Get Paid My Life Insurance?

When taking out insurance, it is always important to consider where the money will go if you are unable to receive it.  When you use an adviser (hello) to set up your insurance, we will ensure your ownership structure reflects where you want the money to go. 

Your insurance (if solely owned) will be distributed as per your will or policy ownership structure.  Having a will is a vital part of your financial plan.  If you do not have one in place, we can help refer you to a solution that is suitable to your situation.

What Is Level Life Cover?

Level cover is a way we can structure your insurance to keep costs down long term.  I am sure you have heard insurance gets more expensive as you get older, however by purchasing Level Cover, your insurance premium does not go up with your age, only with CPI.  This ensures your insurance stays affordable long term, although does cost more short term. 

This is something that is always worth getting advice on, as there are many ways we can structure our insurance to suit you.

What Is Life Income Cover?

Life income cover is a form of life cover, that instead of paying a lump sum, pays a monthly amount for a period of time (e.g. 15 years).  This is a good option for people who are wanting to leave their kids or partner with a long term income stream, rather than just a lump sum of cash.

This is something that is always worth getting advice on, as there are many ways we can structure our insurance to suit you.

Want to know more about how life insurance could work for you?

Complete the form or contact us directly at
+64 21 028 34844

Thanks for submitting!

bottom of page