Ensuring your family is well protected should something unexpected happen is one of the most common reasons young families take out life and other forms of insurance. It’s also why Alan and Kelly decided to review their insurances a month ago.

Alan, a farmer and partner Kelly have 3 young children aged 1, 4 and 6 years. Alan runs the farm along with 2 other workers while Kelly cares for their children and helps out on the farm occasionally.

Recently, Alan and Kelly purchased their farm from Alan’s father and consequently now have high levels of debt, which they hope to reduce as quickly as possible over the coming years. Around the time they purchased the farm, Alan and Kelly decided to talk to their Adviser about covering their debt and other methods of protecting the children and each other if something unfortunate happens. They each took out an Asteron SmartLife policy with enough cover to pay off all debt if Alan or Kelly died and provide each other with sufficient funds to raise their 3 children. Their Adviser asked them to consider what would happen if either of them became seriously ill or injured, or even permanently disabled. They had never thought about this and after discussing the implications of such a traumatic event realised that they needed to make sure they were prepared for the worse. Alan and Kelly each took out a SmartLiving Deluxe policy to provide them with money if they became seriously ill or had to undergo a major medical procedure or became permanently disabled. They also decided to add their children on their SmartLife policies by taking up the optional Kids SmartLiving Option.

Alan and Kelly are relieved they reviewed their cover when they did. They are working harder than ever to achieve their goals and can do so knowing that even if the worst happens, they have taken the best steps they can to protect their future financial security.