Like many young couples, you may be focused on putting yourself in the best possible financial position and enjoying life before making a decision on starting a family.
This may mean that you travel a lot, or you may be saving for a big life event, such as a wedding, once-in-a-lifetime holiday or a home deposit. When you are a young couple, or do not have any children, your life priorities are likely to be completely different to those faced by a family – but no less important.
Some common challenges faced by young couples
Young couples often have a significant number of bills and other financial obligations such as credit card and loan repayments and student debt, and a relatively short history of employment.
The household budget and financial commitments are often assessed on the income of both. If one of you suddenly ceases to bring in an income then your entire financial situation can completely unravel in a very short time.
Protecting against risks
Income Protection insurance and Trauma insurance can help provide a financial safety net if you are unable to work for a time due to an injury or illness, and would struggle to meet your financial commitments and pay regular bills.
It is also important that you consider obtaining Life insurance, even if you don’t think it is necessary while you are young and healthy. The unexpected can strike at any stage of life, particularly if you travel frequently or otherwise participate in risky activities. Having an adequate Life insurance policy in place can help your partner clear debts, and allow them the space to grieve without the added pressure of financial stress.
Tailored insurance and dedicated personal service
Losing a loved one, or watching them suffer through injury or ill health, is a difficult experience for anybody. Having the right insurance in place can help protect against the risk of your partner losing everything you have worked so hard for.
Contact NobleOak for a Life insurance quote today, tailored to your individual needs and stage of life. We can help you find the best value Life insurance, and provide added security during claim time.
Our comprehensive Life insurance cover for couples includes lump sum Life insurance, Trauma and Total and Permanent Disability insurance cover.
You can also add Income Protection insurance (and Business Expenses cover if self employed), in the event that you or your partner cannot work due to accident or illness.
With policies starting from $2 a day, you don’t have to pay very much to enjoy peace of mind!