Insurance for Young Couples

This is an exciting time in your life. You have finally settled down and you are looking forward to building a new life with your partner. The possibilities are endless. You can finally build your own home where you will raise your children, buy a car to go on the road on weekends, and build a fulfilling career. With such an exciting future ahead of you, it is only important that you do everything to protect it. What would you do if you or your partner meets a serious accident, or succumbs to a serious illness?

Protecting Your Future with Insurance

While you are familiar with insurance, it could be that you didn't consider having one until now. After all, no one wants to think that anything bad could happen to them. However, there are practical considerations to getting insured, including:

  • Having enough funds to pay your bills and maintain your lifestyle in case one of you dies or suffers from a serious injury
  • Keeping your savings intact as your policy could cover most, if not all of your financial needs
  • Freeing you or your partner from anxiety in case of an emergency

Tragic events can create an immense impact on anyone. You could lessen the effects by securing your future with insurance.

Different Types of Insurance

There are several types of insurance, which you can use to protect yourself and your partner. These are the following:

  • Life insurance - in case of death or diagnosis of a terminal illness, part of the estate may be used to meet the remaining financial obligations of the person insured such as credit card debts, mortgages, and other similar debts.
  • TPD insurance - should one of you meet an accident that causes permanent disability and prevents you from earning income, Total and Permanent Disablement insurance may be able to protect you.
  • Income protection insurance - any accident that prevents you from earning income could be disastrous to your household. This type of insurance can help you pay your bills while you are recovering.

All in all, you need to protect your partner, yourself and your future household with insurance. You owe it to them as they depend on you. To find out what type of insurance is right for you, consult the qualified advisors at Rate Detective. They will provide you with all the information you need to make a right decision, including a comparison of the top 9 insurers in Australia.

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Published on October 10-th, 2012 in Insurance
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

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Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

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