Life Insurance 101- Why is Life Insurance so important?
Life insurance is all about giving the people you care about most, financial security if you’re no longer alive to support them. With life insurance, when you die, (or become terminally ill), your nominated loved one(s) can receive a lump sum payment.
They can use this to continue living the life you want them to. (Mortgages can be paid out, children’s private education fees paid, people aren't forced to leave the home or area where they have been used to living and frail aged or special needs people in your life can be cared for etc.)
If you’re in business, it can mean that if you’re not there, your business debts are paid out and that the business doesn't have to be wound up or forced into a sale. It means that you (or your business partners) are not forced into business with the remaining family of business partners. The possibilities are as individual as your needs.
Deciding to have a baby is a big decision for anyone, but for a couple living with HIV the decision is more complicated. Tina and Garry today join the growing numbers of seroconcordant couples in Australia who have successfully given birth to healthy babies.
Mother to child transmission of HIV is rare in Australia and usually only occurs when the woman doesn't find out she's HIV-positive in time to take precautions to prevent it.
Thanks to the medical treatments now available, HIV positive people have a better quality of life, and that’s why it’s common for many couples in this position to consider the possibility of starting a family.
And thanks to the specialty life insurance advisers at unusualrisks.com.au HIV positive people and diabetics can now also qualify for high-quality life insurance too. This was something that for many years was simply impossible.
Tina and Garry wanted to become pregnant and decided they would learn everything they could before they become pregnant. As part of their plan, they discussed their dream with their GP who also referred them to a HIV specialist. Tina had questions about whether the antiretroviral meds would have an impact on her fertility and found that for a healthy person with an undetectable viral load gives them the best chance of success.
After many long conversations, they eventually decided to use some reproductive assistance to help them navigate through the process to reduce the risks involved. After a couple of false starts, the good news arrived: they were pregnant.
Ask any new parent (or parent to be) what’s high on their list of priorities and they’ll mention protecting and providing for their partner and their new family. That’s where the peace of mind or having your own life insurance policy in place comes in – just in case – because we all have someone special to protect and provide for.
"Sometimes you feel overwhelmed with advice but these are the 4 key things for our family".
“If you’re already pregnant – Congratulations! Get your life insurance sorted. If you don’t do it today it can get lost under a pile of other things you have to do and slip your mind. For us, it was more about feeling and being responsible and the habits of good parents I suppose” – Tina and Garry
Jennifer enjoys learning about products and services in her own time, doing her own comparisons and research and then preparing her list of hard-hitting questions, before talking to anyone about them.
'My name is Terry and I'm 37 and I married my childhood sweetheart. A few years ago we decided as a family that the only way we could get ahead and save a big deposit for a house, was for me to go work in the remote mines of Western Australia or Northern Queensland. The plan was to work hard for 5 or 6 years and use my high income to save a healthy deposit'.
George’s shift-work is often unpredictable, so living closer to work and cafes makes his life easier.
We also understand that lesbian, gay, bisexual and transgender (LGBT) people and their families face diverse challenges when it comes to protecting and achieving their financial dreams.
If you or your partner have been diagnosed with HIV or diabetes or if like us, you simply believe in supporting your freedom to choose, we'd love to be part of your strategy for protecting what’s important to you.
We believe that good businesses can help good people achieve good things.
The heart behind unUsual Risks Insured is our parent company, Sapience Financial & Investment Services. Sapience is a boutique full financial services practice who are a Certified B Corporation and are committed to using purpose-driven business as a force for good.
In 2016 they celebrated 18 years of helping people through understanding, respect and strategic financial advice Australia wide.
We personally manage all of our client's claims.
No client or their family should ever be left alone to navigate the complex world of paperwork and legal minefields, that an insurance claim will bring. Our insurance claims management service, Priority 1 ensures that nothing is left to chance.
"We saw the pain and frustration that people experienced with fragmented and irrelevant advice and how they often felt abandoned to their own devices during a drawn out insurance claims process. They needed an advocate - so we decided to be the change in the community that we wanted to see".Drew Browne, Sapience Financial.
What we do is all about You.
We value and protect the trust of our clients so much, that we have a No-Surprises No BS* policy for our product providers.
If you'd like some additional information about our people, visit our Directors LinkedIn profile.
*And yes we went there.