Enjoy your new addition without added worry
When you’re expecting your first baby, there’s so much going on that it’s hard to know which way to look. There seems to be a never-ending stream of new information to take in, recommended books to read and people lining up to share their do’s, don’ts and experiences. Becoming a new parent is certainly uncharted territory for many of us, and in this information age it’s easy to get a little overwhelmed with so much information on hand.
Whilst getting ready for a new baby’s arrival is an exciting time, there are also some less exciting things that are worth thinking about, like sorting your finances. Knowing that there will soon be a little person in your life, it’s a good time to consider life insurance which can help put a plan in place to help protect your family financially if something unexpected happens to you.
So where do you start? Work out your monthly and annual expenses, and what kind of future you want for your family. Ask yourself: What are your mortgage or rent expenses? Do you have any other debts? What are your ongoing bills and how would these expenses be covered if you passed away? What kind of education do you want for your children? Do you want to leave a little extra? Once you have this sorted, you’ll be able to start thinking about the kind of life insurance policy you need.
Life insurance policies are all a little bit different from each other, but their core purpose is to help provide for your loved ones should the unexpected happen. Life Cover from AA Life provides a tax-free lump sum payout that can be used for things like mortgage repayments, monthly bills, or help towards your children’s future education. $15,000 can even be paid early to help with funeral expenses.
Check out AA Life to get all the information you need to help you sleep better- before baby arrives that is!