Established, financially stable and planning for retirement
Now that your children have left the nest you will more than likely be enjoying life and the new found freedom this stage of your life offers. You are likely to have a little more cash to spend on things such as overseas travel, a holiday home, renovations, or even a sports or luxury car!
You may have acquired a selection of cash savings, financial investments, superannuation and equity in assets, such as the family home, all of which have taken several life stages to acquire, grow and maintain. You will be thinking about the future and planning your retirement.
Your life insurance needs are evolving as you move through each stage of your life
Your financial pressures ease and your children embark on their own ‘young and single’ life stage. It is still easy to dismiss illness, injury or death with “it won’t happen to me”. However, it is worth considering that with the array of wealth you have accumulated, this stage of life is generally when you have the most at stake financially. What would happen if you or your partner became seriously ill, injured or passed away unexpectedly?
If the unexpected were to occur, you may be forced to sell the family home or downsize to a more affordable place, or you may need to consider early liquidation of investments, which could impact your retirement plans. You may also need to make changes to your lifestyle and forget renovating the house or travel plans.
Having a life insurance policy in place can give you peace of mind that the wealth and lifestyle you have worked so hard towards is protected.
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Important note:
The insurance is issued by Allianz Australia Life Insurance Limited ABN 27 076 033 782, AFSL 296559. The information contained on this website is general information only. It does not take into account your individual objectives or financial situation. You should therefore consider the appropriateness of the insurance having regard to your objectives, financial situation and needs. Prior to making any decision you should read the
Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). You should seek advice from your financial adviser before deciding on appropriate insurance cover.