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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

Why's 2 Cents!

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.

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