Finding the right Life insurance for empty nesters

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.

Selecting your life insurance cover

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.

Life insurance cover at a glance

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 you or your family through the claim process.

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  • Allows payment of personal or family debt, providing your loved ones with financial freedom.
  • Allows your loved ones to not worry about finding the funds 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 have to worry about the finances.

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Obtain a quote

Or call a specialist consultant

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

Or

Email us at sales@nobleoak.com.au.

Total and Permanent Disability (TPD) insurance

  • Provides a lump sum payment of up to $3 million for sickness or injuries which cause a total and permanent disability, preventing you from being able to work again.
  • One standard policy “exclusion” only (ie. intentional self injury in the first 13 months of the policy commencing). Other exclusions may apply to some applicants depending on health and pastimes.
  • Domestic Duties disablement definition is applicable to non income earners.
  • Worldwide cover.
  • Access to a dedicated claims consultant to assist you or your family through the claim process.

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  • Allows you to clear all debts, and even provides you with financial freedom.
  • Provides funds to cover 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.

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Obtain a quote

Or call a specialist consultant

1300 041 494
(Weekdays 8.30am to 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 medical conditions or trauma events occur.
  • 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 process.

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  • Allows you to cover or partially 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.

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Obtain a quote

Or call a specialist consultant

1300 041 494
(Weekdays 8.30am to 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 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.
  • Worldwide cover.
  • Access to a dedicated claims consultant to assist you through the claim 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.
  • Provides funds to cover out of pocket costs for ongoing medical and rehabilitation costs associated with your illness or injury.

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Obtain a quote

Or call a specialist consultant

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

Or

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 claim process.

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  • Covers payment of your fixed business expenses while 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.

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Obtain a quote

Or call a specialist consultant

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

Or

Email us at sales@nobleoak.com.au.

Did you know?

  • Cancer was the leading cause of death in Australia in 2010, followed by heart disease (ABS)
  • The weekly mean housing cost for mortgage-owners was $408 in 2010 (ABS) •The level of household debt at the end of 2013 was $1.8 trillion, equivalent to $79,000 per person (ABS)
  • 1 in 3 Australians either have a disability or are likely to be close to someone who has a disability. ¹
  • More than 1 in 5 families will be hit by an insurable event in their working lives. ²
  • Each year around 55,000 Australians suffer a heart attack. ³
  • 1 in 6 women and 1 in 4 men are expected to suffer from a disability from the age of 35 to 65 resulting in more than 6 months off work. ²

Start planning your retirement with peace of mind