Myth Busterz

Myth 1 – "I'm young and healthy, I don't need life insurance!"

Truth

Unfortunately age doesn't protect you from disease, illness or injury. That's why having a financial safety net is so important regardless of how healthy or young you might be.

Take a look at these real life claims:

Claim Type Age @ Date of Disability
Sex
 Cause of Claim Sum Insured> Policy held for (Years)
Term
19
Female
 Accident $30,000
2.75
Term
22
Male
 Injury Multiple $100,000
0.58
Term
25
Male
 Unknown $173,875
4.00
Trauma
25
Male
 Cancer (Brain) $142,096
2.66
Trauma
25
Male
 Cancer (Lung) Carcenoid $100,000
0.33
Trauma
25
Female
 Cancer (Renal) Carcinoma $207,800
0.33
TPD
24
Female
 Disorder $241,365
2.50
TPD
25
Male
 Protruded Disc (Lumbar) $110,526
2.50
TPD
25
Female
 Fibromyalgia $101,300
1.66

It's actually more cost-effective to purchase life insurance when you're younger and healthier. The cost of cover tends to increase with age and when you're healthy (meaning you have no existing medical conditions) it's generally cheaper and easier to obtain cover.

For more information about how we can help find you the perfect life insurance policy for your particular circumstances, please call our friendly team today on (02) 9745 2740.

+ Real Life Claims – Asteron Life 2009.