Valentine's Day and Love Insurance

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Valentine’s Day means different things to different people

But ultimately it's about Love — and Love Takes Action

What some people miss is that life insurance is really love insurance — by having sufficient life insurance, they're safeguarding the future of the ones they love. Drew Browne

Four thoughtful ways you can act on your love today

1. Make sure you have enough life insurance in place

  • to payout all your debts and the mortgage (or have sufficient to buy a place to live), and
  • to provide at least one year's replacement income, usually, two if you have children or elderly parents who you support (because who wants their partner to have to go back to work on Monday morning after unexpectedly losing the love of their life on Friday afternoon).

If you want to know where to begin thinking about this big question, watch our fun explainer video, How Much Life Insurance is Enough or check out the government MoneySmart online Life Insurance Calculator.

2. Update your Binding Nominations

What's a Binding Nomination I hear you ask?

  • Superannuation funds and Life Insurance companies need to know in writing who you officially nominate to receive any life insurance payout.

If you don't formally nominate who that person is, and keep it updated, you might not like who actually receives that life insurance payout.  So remove all doubts and get it officially documented (and have your financial adviser keep a copy for you too).

You can change and update your nominations as you like, but you have to make one first.  You can learn more about Binding Nominations here.

Pro Tip: Some high-quality Income Protection policies also have a death benefit component to the cover they provide so check if your policy does and whether you need to update your official Binding Nomination.

3. Get your 2 Key legal documents in place

We all need to make sure we have at least two current important legal documents in place:

  • Attorney and Power and
  • Power of Enduring Guardianship

These are designed to protect you and help your partner (because who wants to have to fight unsupportive biological family members or hospital staff if you have an accident and want your partner with you or need them to make important medical decisions for you).

Pro Tip: The different Australian states sometimes have different names for these estate planning documents, so just let us know which state you live in and we can help you out with this if you like.

4. Commit to learning a little more about your money matters, each month

We can all recognise that 'old ideas are never going to take us to new places', so in our ever-increasingly complex financial world, having your own professional guide who can help you navigate your way, is essential for success.7 Financials decisions for same sex newlyweds

We can help you with every one of these important steps, so when you're ready to take action and act on your love, we'll be there for you.

Wherever you are and whoever you love, have a Fabulous Valentines Day!

#lovetakesaction

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Modern Family Insurances

However you identify, whoever you love and whoever is family to you, we believe no one should miss out. Love makes a family and love takes action. You want to provide your family with financial protection and peace of mind. We can help. #LoveTakesAction
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Life Insurance

Life cover protects you from the financial effects of a terminal illness and your family’s financial security should you unexpectedly pass away, with a lump sum payment. This payment can be used to help cover mortgage payments, school fees, bills, groceries and other living expenses. We can help.

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Income Protection Insurance

Income Protection is an insurance cover for one of the most important assets of all – your ability to continue to keep on earning a living. Income Protection Insurance provides a regular payment in place of your income if you’re unable to work for extended periods due to injury or illness. We can help.

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Crisis & Trauma Recovery Insurance

Crisis Insurance (sometimes called Trauma Recovery Insurance) provides a one-off, lump sum payment if one of the many specified insured trauma events were to happen to you, such as being diagnosed with advanced cancer, or having a major heart attack or stroke. We can help.

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Total & Permanent Disability Insurance

TPD is long-term disability insurance that gives you protection against total & permanent disability by providing a lump sum payout if you can never work again due to injury or illness. We can help.

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Insurance for Medical Professionals

White-collar medical professionals are often highly paid and highly leveraged. Hospitals, surgeries, clinics and accident sites are often high-pressure, fast-paced environments where sharps occur all too frequently. Blood Borne Disease Insurance compensates you if you contract HIV, Hepatitis B or Hepatitis C due to a sharps injury while working in your regular occupation. We can help.

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Insurances for People using PrEP

Australians using PrEP who need Life Insurance or Income Protection, now have a clear pathway to getting their cover sorted - stigma and discrimination-free from Unusual Risks Insured. Most insurance companies and super funds simply do not provide supportive underwriting for people taking PrEP to better manage their health. We can help.

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Insurance for Business Owners & Partnerships

The common denominator for all SME's is they run on people and are therefore exposed to people-based risks. Protecting those people from the statistical realities of life, love and business can be more difficult when your personal situation is more complex and your privacy needs are greater. We can help.

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Life Insurances for Intended Parents & Surrogates

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Manage My Life Insurance & Super Beneficiary Nominations Service

Are you one of the thousands of Australians who have lost track of their personal insurance policies? Do you have an existing Life Insurance policy, Income Protection policy, or perhaps a Super account providing insurance you've lost touch with? We can take over the ongoing management of any insurance policy so all your work is held in a central supportive advice practice. We can help.
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Modern Estate Planning for LGBTQIA+ people

For most of our Life Insurance clients, getting their Modern Estate Planning sorted is the natural next step to having all their important documents of life, love and business all in one place. Putting your Life Insurance and Estate Planning documents together makes good sense and means updating them when major life changes occur, more easier. Your family's estate planning is too important to leave for a DIY approach on a lazy weekend, or when you have time ... sometime... next year, maybe.
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Update My Life & Super Beneficiary Nomination Service

Are you one of the many people who have lost track of their beneficiary information? Do you have an existing Life Insurance policy or perhaps a Super account with insurance you've lost touch with? Maybe you haven’t nominated a beneficiary to your life insurance policy or super account? Have you forgotten who you did nominate and now need to update your wishes? We can help.

About Us

Unusual Risks Insured provides support to those people who big insurance companies leave behind. We believe in giving every person the power to use life insurance products to protect & provide for their loved ones, their businesses, and their legacy — free from barriers of stigma and discrimination.

We know, as an LGBTQIA+ person (or someone who goes without labels entirely), you probably have specific financial advice, life insurance, and privacy needs.

  • We're committed to serving the LGBTQIA+ Community and its Allies.
  • For us, it's about change leadership and #AdviceEquality.

Why not make us part of your story, so if the unexpected happens to you or whoever is family to you, you'll have a backup plan in place to help you financially recover and life can still get better for somebody you love.

#LoveTakesAction  #AdviceEquality  #PrideInAdvice

contact drew browne advisor Unusual Risks Insured and Sapience Financial

Drew Browne, Senior Advisor

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The advisor to Unusual Risks Insured: Drew Browne is an Authorised Representative and Sapience Financial Corporation Pty Ltd. ABN 29 086 679 718 is a Corporate Authorised Representative of an Australian Financial Services Licensee AFSL Shartru Wealth Management Pty Ltd #422409 ABN 46 158 536 871. Any information provided is General Advice Only and we have not considered your personal circumstances. Before making any decision on the basis of this advice you should consider if the advice is appropriate for you based on your particular circumstance. Unusual Risks is a Trauma Informed Organisation (TIO) and affirms the Darlington Statement on Intersex Human Rights Australia.

Unusual Risks Insured acknowledges the Traditional Custodians of Country throughout Australia and their continuing connection to land, waters and community. We pay our respect to them and their cultures, and Elders, past, present and future.

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