Finding the right Life insurance for singles

When you’re young and single, chances are you’re not overly concerned about anything other than living in the moment. After all, if something happens to you, then there may not be anybody left behind to suffer the financial consequences! Nonetheless, there are a few reasons why you should consider Life insurance and other types of cover.

An exciting life stage

If you are young and single, you are likely considering moving out of home or have just purchased your first property, and are working on consolidating your career. You may also be travelling while you have the opportunity to do so.

There are perhaps few times in life when you have as many bill payments going out but as little income coming in as when you are young and single.

Why insurance is important

One of the key insurance policies that can help provide a financial safety net for singles is Income Protection insurance. Like many young singles, you might struggle to survive without your regular income for a few weeks if you were unable to work. This type of insurance is designed to cover your wages so you can maintain your lifestyle and pay your bills until you’re back on the job.

If you hold a Life insurance policy, then any debts you leave behind can be paid off, including a mortgage, and the beneficiaries of your estate, perhaps siblings or parents, can benefit from the legacy of your hard work.

Most Life insurance policies will finalise a claim so that your funeral is paid for, so that your remaining family members will not be out of pocket.

If you obtain Life insurance while you are still young and otherwise fit, then the premiums are also likely to be more affordable and, depending on the terms of your policy, may remain at a lower rate throughout your life.

Dedicated personal service and security during claim time

If you are after the best value Life insurance for a young single, contact NobleOak today. We can provide a Life insurance quote and give you information on the various types of cover that NobleOak provides.

Selecting your Life insurance cover

Our range of cover for singles includes Life insurance, Total and Permanent Disability (TPD), Trauma, Income Protection (and Business Expenses cover if self employed), so you can relax knowing you have financial security in the event something unforeseen occurs. This will allow you to focus on more important things in life – like that next overseas holiday!

With policies starting from $2 a day, you don’t have to pay much to enjoy peace of mind!

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 your family with the claim.

Read more

  • Allows payment of any debts, 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 worry about their finances.
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 or 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.

Read more

  • Allows you to clear all debts, and provide 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.

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 $2 million 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.

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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.

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 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 a 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.
  • World wide cover.
  • 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 a mortgage or rental payments or household expenses.
  • Provides funds to cover out of pocket expenses 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 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 monthly 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.

Read more

  • 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.

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.

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

Did you know?

  • Gen Ys have the worst average credit score (676) despite being the most financially ambitious of all generations (Veda, 2014).
  • More than 17% of Gen Xs are at risk of financial trouble in the next 12 months, compared to 11% of Gen Ys and baby boomers.
  • The weekly mean housing cost for private renters was $305 in 2010 (ABS).
  • The weekly mean housing cost for mortgage-owners was $408 in 2010 (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. ¹
  • 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

Put your mind at ease when it comes to your future.