WHAT'S THE BIG FUSS ABOUT INSURANCE?

Insurance is one the dullest words, ever. Research from one of America’s big insurers found that 6% of the 20-30 year olds surveyed would rather eat an insect than think about Insurance. If you’ve ever spent time alone with an actuary, you understand. 

Even though it may not feel as exciting as saving for your next holiday, Insurance is an important part of your plan for financial freedom. For unexpected stuff, you have your Emergency Stash. For bigger stuff, it’s useful to have outside help and this is where Insurance comes in handy. If or when death, injury or illness strikes, you'll be more than relieved you have it. A few minutes into this now can make a massive difference to your life later.

You probably have Insurance for your car or bike. The Government thinks this type of cover is so important it’s compulsory in most States, but what about your most important asset – you? And your ability to earn a living? Like any other form of Insurance, you pay a monthly or yearly premium and when an event like death, injury or illness strikes, the insurer pays you a single payment (lump sum) or ongoing monthly payments. Lump-sum benefits are usually tax-free. Monthly benefits which replace lost income are generally taxable.

Although this can’t replace a loved one, it can ease the financial burden and give you and your family options to move forward. It might be be beneficial to take time off work, see a medical specialist, or make lifestyle changes. Having that extra money can give you the freedom to make those decisions in your own time.

WHY GET INSURANCE WITH LIFESHERPA?

Choosing Insurance can be daunting because it is a complex process, and it can be difficult to get clear and unbiased advice. Price is generally no indicator of quality, and the process is most often accompanied by high-pressure sales. The best Insurance comes from the best advice; advice that gets to the heart of what you really need and delivers the right amount of cover at the right price.

LifeSherpa’s free Insurance service makes it easy to protect what matters most in your life. Have we mentioned that we refund commissions? That’s money back in your pocket when you first buy your Insurance, and every month for the life of your policy. Visit the AdviceCentre for a personal Insurance recommendation.

No more lost hours comparing insurance online, or on-hold for a sales-person.

DID YOU KNOW?

If you already have Insurance, there is almost certainly commission built in. It's supposed to pay for ongoing advice. We don't think it's fair that you pay commission for a service you don't use. When LifeSherpa sets up your policy, you get a commission refund. Find out more about Sherpa CashBack.