--- title: "Valentine's Day and Love Insurance - Unusual Risks Insured" description: "Valentine’s Day means different things to different people. But ultimately it's about Love, and Love Takes Action. Life insurance can keep safe, who you love." url: "https://unusualrisks.com.au/insights-hub/life-law-community-insights/love-takes-action" date: "2026-07-04T21:42:51+00:00" language: "en-GB" --- # đŸ’¬ Life, Law & Community Insights ## Valentine's Day and Love Insurance - đŸ’¬ Life, Law & Community Insights ![balloons in the shape of two hearts](https://unusualrisks.com.au/images/blog/love-takes-action-unusual-risks-insured.jpg) >> Reading Time: 3 minutes ### 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](https://unusualrisks.com.au/case-studies/george-experienced-logistics-manager#how-much-life-insurance-is-enough) or check out the government [MoneySmart online Life Insurance Calculator](https://moneysmart.gov.au/how-life-insurance-works/life-cover). ### 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](https://sapience.com.au/blog/how-to-nominate-who-gets-your-insurance-and-super-payout). **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](https://unusualrisks.com.au/images/resources-thumbs/download-7-financial-decisions-same-sex-newlyweds-need-to-make-boys-unusualrisks.png) - **Read** our article about [Financial Advice for Same-Sex Couples](https://unusualrisks.com.au/index.php?option=com_content&view=article&id=194:financial-advice-for-same-sex-couples&catid=91:blog&Itemid=696). - If you haven't already, **subscribe** to our [Sapience Financial Not-a-Newsletter](https://sapience.com.au/resources/newsletter). - And if you've popped the question and heading down the officially married road (yay!) make sure you **download** your copy of our free downloadable eGuide, [7 Financial Decisions Same-Sex Newlyweds Need to Make](https://unusualrisks.com.au/index.php?Itemid=897) 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** ## Schema ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home >", "item": "https://unusualrisks.com.au" }, { "@type": "ListItem", "position": 2, "name": "đŸ’¬ Life, Law & Community Insights", "item": "https://unusualrisks.com.au/insights-hub/life-law-community-insights" }, { "@type": "ListItem", "position": 3, "name": "Valentine's Day and Love Insurance", "item": "https://unusualrisks.com.au/insights-hub/life-law-community-insights/love-takes-action" } ] } ``` ```json { "@context": "https://schema.org", "@type": [ "LocalBusiness" ], "@id": "https://unusualrisks.com.au/insights-hub/life-law-community-insights/love-takes-action#localbusiness221", "name": "Unusual Risks Insured", "image": "https://unusualrisks.com.au/images/logos/Horizontal.png", "url": "https://unusualrisks.com.au/insights-hub/life-law-community-insights/love-takes-action", "telephone": "1300 137 403", "address": { "@type": "PostalAddress", "addressCountry": "AU", "addressLocality": "Sydney" }, "openingHoursSpecification": { "@type": "OpeningHoursSpecification", "dayOfWeek": [ "Monday", "Tuesday", "Wednesday", "Thursday", "Friday", "Saturday", "Sunday" ], "opens": "00:00", "closes": "23:59" } } ``` ```json { "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://unusualrisks.com.au/insights-hub/life-law-community-insights/love-takes-action" }, "headline": "Valentine's Day and Love Insurance", "description": "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. 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