The moment you have probably dreaded and looked forward to in equal measure for the last 20 or so years has finally arrived: your children have moved out of home and the house is quiet!
That’s right – you’re now an empty nester. As your lifestyle is bound to change in this new stage of your life, so too will your Life insurance needs.
Factors to consider
Chances are that you will change many aspects of your daily routine. You may even find yourself with the extra free time and money to drastically increase your travel. Perhaps you are more interested in taking risks, such as adventure holidays, now that you no longer have young children dependent on you.
If you don’t already have Life insurance – now is the time to get it! And if you are taking more risks, you might also want to consider Total & Permanent Disablement insurance. As the name suggests, this policy can pay out up to $5 million in the event that you can no longer return to work as a result of significant injury or illness. As you get older maintaining your health is becoming more and more important but you may become susceptible to serious illnesses. Trauma insurance can help to provide financial protection in the event illness strikes.
Even if you do not intend to travel more, as you go through life’s stages and acquire more obligations it is essential to make sure that your loved ones are provided for in case something happens to you. Everybody’s version of the empty nest looks different depending on their individual lifestyle and circumstances – but one constant is that, in one way or another, your Life insurance needs will be different to those you had 20 or even ten years ago.
Obtaining the right cover to suit your needs
Life insurance allows you to free up disposable income, allowing you to continue to pursue your new-found freedom, without having to worry about building up a significant nest egg “just in case”.so you won’t leave your family high and dry if the worst happens. NobleOak offers dedicated and personal service to assist you in finding the best value Life insurance, and provides confidence during claim time.
Embrace the changes that a newly empty nest brings – but take care to protect yourself and your family by obtaining the right Life insurance for your new life stage. Contact NobleOak for a Life insurance quote today.
We offer Life insurance of up to $15 million (in the event of death), or up to $3 million in the event of Total and Permanent Disability and up to $2 million in the case of a Trauma event. You can also choose Income Protection insurance (or Business Expenses cover if you are self employed) each up to a maximum of $25,000 per month, in the event that you or your partner cannot work due to a severe accident or illness. If you have a self-managed superannuation fund, you can also take advantage of our SMSF Direct cover – a flexible policy that caters to regulatory SMSF requirements and provides outstanding value for money. With our extensive cover options, you can continue enjoying the finer things in life. After all, life should become easier as you get older.