Yes, many Australians have a life insurance policy and a health insurance policy.
Life insurance can mitigate some of the financial strain on your family in the event of death, total and permanent disability, loss of income if you are ill or injured and cannot work, or serious illness (depending on the policy you take out). Health insurance, on the other hand, can provide financial assistance to you (and/or your children) for health care-related costs such as hospital visits, surgeries, and health services, such as dental, optometry, and physical therapy.
As you get older and take time to enjoy the things you’ve worked hard for, life insurance and health insurance can be considered an important part of your financial plan.
If you are considering life insurance, NobleOak Life Insurance Calculator can help you determine the type and amount of coverage you may need, and health insurance companies provide options for people of all ages.
