Think your super is enough? Why extra Life Insurance matters
2 min read
03rd December 2024
Life is full of big milestones — buying a house, starting a family, landing that dream job — but how many of us actually think about what would happen if things didn’t go as planned?
For many Australians, superannuation insurance seems like a solid safety net. But here's the truth: it's often not enough. In fact, one in three Australians are underinsured, leaving their families vulnerable when they need it most.
Why super insurance falls short
The coverage within your super is typically a basic, one-size-fits-all amount. It doesn’t account for things like your lifestyle, your debts, or the people who depend on you. If you’ve recently bought a home, started a family, or grown your financial responsibilities, that standard super coverage likely won’t cut it. Imagine leaving your family with a mortgage they can’t pay or childcare costs they can’t afford. That’s a reality many face because they didn’t take a closer look at their coverage.
Key life events & why you need more than super insurance!
When you take on a mortgage, you’re committing to a huge financial responsibility. Life Insurance can help protect your loved ones from the burden of mortgage payments, helping them stay in their home if anything happens to you.
Kids change everything — and that includes your financial commitments. Life Insurance can cover the added costs of raising children, from childcare and education to daily expenses, giving your family security in uncertain times.
As your career progresses, so does your financial load. Whether you’re climbing the corporate ladder or starting your own business, Life Insurance can ensure your family is financially protected if something unexpected happens.
As you age, health becomes more of a concern, and insurance premiums tend to rise. Locking in a Life Insurance policy early, while you’re young and healthy, can help secure lower premiums for the future.
At Vie, we believe Life Insurance should fit your needs at every stage of life. We're here to provide the information you need to make confident decisions about your coverage. Here's how we support you:
- Informed Coverage Choices
We’ll help you understand your options for life, TPD, and trauma cover so you can decide what's right for you based on your lifestyle and goals. - Support Through Life Changes
As your life evolves, we assist you in reassessing your coverage during milestones like buying a home or starting a family. - Easy, Stress-Free Process
From guiding you to managing your policy, we simplify the process to make sure you feel supported every step of the way.
The best time to start thinking about Life Insurance
The earlier, the better! Starting life insurance in your 20s or 30s could save you money and make sure you’re covered before life throws any curveballs. The younger and healthier you are, the more affordable your premiums may be. Don’t wait until you hit a major milestone or health issue!
For more information, book in a free consultation with our Personal Insurance Advisor, Sam Lawrence!
ASIC Authorised Representative (#1275986) of Wealth Today Pty Ltd (AFSL No: 340289) Level 11, 95 Pitt Street Sydney NSW 2000. Reference: ClearView.
General Advice Warning: As an Authorised Representative of Wealth Today, Vie Finance & Insurance is authorised to give General Advice only. We are unable to take into account any of your financial information. You will need to decide on the level of cover you require, and whether the product is suitable for your objectives, financial situation or needs. If you require any further information before making your decision, please refer to the Product Disclosure Statement (PDS).