Finding the right Life insurance for couples

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.

Selecting your cover

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!

Cover type

Benefits

Helps cover

How to get covered

Life Insurance

  • Provides up to $15 million of cover.
  • Sum insured paid in advance upon terminal illness.
  • Advance $10,000 funeral benefit.
  • One standard “exclusion” only (ie. suicide in the first 13 months of the policy commencing). Other exclusions may apply to some applicants depending on health and pastimes.
  • Guaranteed renewability to age 99 (if premiums paid on time), even if health changes.
  • Worldwide cover.
  • Access to a dedicated claims consultant to assist your family through the claim process.

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  • Allows the payment of personal or family debt, providing your partner with financial freedom.
  • Allows your partner to have funds available to cover your funeral expenses.
  • Provides funds for any outstanding medical costs.
  • Provides funds for estate, administrative and legal fees.
  • Provides funds for financial assistance for your family following your death to allow them to grieve and not worry about finances.
Obtain a quote

Or call a specialist consultant

1300 041 494
(Weekdays 8.30am-6.00pm AEDT)

Or

Email us at
sales@nobleoak.com.au

Total and Permanent Disability (TPD) insurance

  • Provides a lump sum payment up to $2million when one of the listed significant medical conditions or trauma events occurs.
  • Includes coverage of the top 4 medical conditions which account for over 95% of trauma claims paid as well as 33 additional medical conditions.
  • Conditions covered include Heart Attack, Stroke and Cancer.
  • Pays a lump sum on the confirmed diagnosis of one of the listed medical conditions covered by the policy, whether that illness or trauma event is able to be successfully treated or not.
  • Two standard “exclusions” only: (i) Exclusion of self injury in the first 13 months of the policy commencing, and (ii). An exclusion period applies for the first 90 days for 10 of the medical conditions.
  • Worldwide cover.
  • Access to a dedicated claims consultant to assist you through the claim.

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  • Allows you to cover debts such as your mortgage.
  • Provides funds to cover out of pocket costs for ongoing medical and rehabilitation costs associated with your illness or injury.
  • Provides funds for any necessary home or vehicle modifications resulting from your injury or illness.
  • Provides funds to pay ongoing household expenses.
Obtain a quote

Or call a specialist consultant

1300 041 494
(Weekdays 8.30am-6.00pm AEDT)

Or

Email us at
sales@nobleoak.com.au

Trauma insurance

  • Provides a lump sum payment up to $2million when one of the listed significant medical conditions or trauma events occurs.
  • Includes coverage of the top 4 medical conditions which account for over 95% of trauma claims paid as well as 33 additional medical conditions.
  • Conditions covered include Heart Attack, Stroke and Cancer.
  • Pays a lump sum on the confirmed diagnosis of one of the listed medical conditions covered by the policy, whether that illness or trauma event is able to be successfully treated or not.
  • Two standard “exclusions” only: (i) Exclusion of self injury in the first 13 months of the policy commencing, and (ii). An exclusion period applies for the first 90 days for 10 of the medical conditions.
  • Worldwide cover.
  • Access to a dedicated claims consultant to assist you through the claim.

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  • Allows you to cover debts such as your mortgage.
  • Provides funds to cover out of pocket costs for ongoing medical and rehabilitation costs associated with your illness or injury.
  • Provides funds for any necessary home or vehicle modifications resulting from your injury or illness.
  • Provides funds to pay ongoing household expenses.
Obtain a quote

Or call a specialist consultant

1300 041 494
(Weekdays 8.30am-6.00pm AEDT)

Or

Email us at
sales@nobleoak.com.au

Income Protection insurance

  • Provides you with a regular monthly payment of up to 75% of your pre-disability income, up to a maximum of $25,000 per month if you are sick or injured and can’t perform your work duties.
  • Payments commence at the end of the waiting period and continue for a set period of time (such as 2 years or until the age of 65), depending on the benefit period chosen when the policy commenced.
  • Also covers partial disablement
  • Premiums are generally tax deductible.
  • Cover applies when you are overseas also.
  • Access to a dedicated claims consultant to assist you through the claims process.

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  • Provides a regular monthly income in the event you are unable to work.
  • Allows you to cover or partially cover your financing commitments such as your mortgage or rental payments.
  • Provides income enabling you to pay ongoing household expenses including rates, insurances, telephone, gas and electricity bills.
  • Provides funds to cover out of pocket costs for ongoing medical and rehabilitation costs associated with your illness or injury.
Obtain a quote

Or call a specialist consultant

1300 041 494
(Weekdays 8.30am-6.00pm AEDT)

Email us at
sales@nobleoak.com.au

Business Expenses insurance

  • Provides a monthly income stream of up to 100% of your fixed monthly business expenses up to a maximum of $25,000 per month, if you are sick or injured and can’t perform your duties at work.
  • Payments commence at the end of the waiting period and are paid for up to 12 months or the equivalent of 12 times the monthly benefit (if the full insured monthly benefit hasn’t been payable for some reason).
  • Premiums are generally tax deductible.
  • Access to a dedicated claims consultant to assist you through the claims process.

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  • Covers payment of your fixed business expenses whilst you are off work. These include rent, the salaries of non income producing staff, and all other overheads associated with your business, including payment of the interest component of any loans associated with the business.
  • Provides security for your business to ensure you have a business to return to when you are back on your feet and recovered.
Obtain a quote

Or call a specialist consultant

1300 041 494
(Weekdays 8.30am-6.00pm AEDT)

Email us at
sales@nobleoak.com.au

When tailoring an individual insurance package– it’s important to compare.

Did you know?

  • Australia’s unemployment rate grew 1% in the 5 years from 2008-2012 (ABS)
  • The number of adults participating in organised sport fell 1.6% between 2006-2010 (ABS)
  • The weekly mean housing cost for mortgage-owners was $408 in 2010 (ABS)
  • The weekly mean housing cost for private renters was $305 in 2010 (ABS)

Put your mind at ease when it comes to your future