INTHEBLACK September 2024 special edition - Flipbook - Page 39
SPECIAL ADVERTISING FEATURE
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WHEN SHOULD YOU CONSIDER
LIFE INSURANCE PRODUCTS?
If you’re experiencing a major milestone, it might be the right time to reassess your
life insurance needs.
NobleOak’s recent Life Insurance
Pulse Report*, based on
research with more than 1000
Australians, reveals that the
major life events prompting
people to take out life insurance
products include having a baby,
taking out a mortgage, buying
a home and getting married.
YOUR FIRST JOB
Starting your career may not
seem like the right time for
life insurance products, but an
illness or injury can disrupt your
income significantly. Income
protection insurance provides a
regular income when you can’t
work due to serious illness or
injury, which can help to cover
essential living expenses like
rent or the cost of a carer.
MARRIAGE OR A
SERIOUS RELATIONSHIP
Entering into marriage or a serious
relationship often means shared financial
responsibilities. Life insurance can help
to provide peace of mind, ensuring
that in the event of illness or death,
you and your spouse can get peace
of mind knowing that you are more
financially secure without needing
to rely solely on savings or credit.
RAISING A FAMILY
When starting or growing your family,
considering life insurance can be an
important step. While superannuation may
include some life insurance, it might not
be sufficient to cover the costs associated
with raising a family if you are diagnosed
with a terminal illness or pass away.
Life insurance can help to protect your
dependents against financial uncertainty.
TAKING OUT A MORTGAGE
Consider who will handle the mortgage
payments if something happens to
you or your spouse. Life insurance
products can offer financial protection
when buying a house, securing your
first home loan or increasing your
mortgage, ensuring that funeral
expenses and/or loss of income are
more manageable for your family.
RETIREMENT
While the need for life insurance may
not be as obvious once the mortgage
has been paid and the children grown
up with their own families, there are
still several good reasons to hold
on to it or even take it out. Having
life insurance can offer additional
financial security and peace of mind
in the event you are diagnosed with
a terminal illness or sadly pass away.
GET A LIFE INSURANCE QUOTE
Australian CPA Australia members qualify for 12% lifetime discount on life cover rates with NobleOak**.
To get a quote today, visit www.nobleoak.com.au/cpa
This article is a sponsored content piece with NobleOak Life Limited. Important information: Please note, cover is available to Australian residents only. NobleOak
Life Limited ABN 85 087 648 708 AFSL No. 247302 (NobleOak Life) issues the products. General advice: The information contained in this document is of a
general nature only and does not take into consideration your objectives, financial situation or needs. Before making a decision to purchase or continue with
a product you should read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD) and Financial Services Guide (FSG) found at
nobleoak.com.au and consider this information having regard to your own objectives, financial situation and needs. If you are considering replacing an existing
life insurance policy you should consider your circumstances, including continuing the existing cover until the replacement policy is issued and cover confirmed.
*Research conducted on behalf of NobleOak by The Market Intelligence Co, December 2023 with more than 1000 Australian citizens or residents.
**CPA discount: CPA Australia members are entitled to a 12% lifetime discount on NobleOak Life’s standard Premium Life Direct premium rates for its term
life cover (12% discount applies to term life cover only). The offer(s) are available for new customers only and can be used only once. Not able to be used in
conjunction with another advertised offer.
ETHICS ESSENTIALS intheblack.cpaaustralia.com.au 39
