Young and Single life insurance 

 
  •  

Life insurance can help you maintain your independence if you suffer a serious illness or disability.

You are young, single, carefree and healthy. The world is your oyster, whether you have just finished your studies and have decided to take a gap year to travel or you are establishing your place in the world while having as much fun as possible along the way.

You have probably accumulated some debt along the way. It could be a car loan, student loan, credit card debt or you may even have a mortgage. With some Life Insurance policies, you can take out Accident Insurance, Total and Permanent Disability (TPD) cover and/or Serious Illness cover which can help you maintain your independance if you suffer one of the insured events under those optional covers. You'll be able to avoid turning to family and friends for money, taking out a loan, selling your home or other assets to continue paying your bills.

Life insurance can also help if you own property with someone else, such as your parents or a sibling. A payout would help them to meet the expenses that you have jointly committed to if you are no longer able to contribute if you pass away or suffer an injury or illness that you are insured for.

The younger and healthier you are, the cheaper your premiums are likely to be. Getting life insurance now - before your health deteriorates - can help you avoid expensive premiums or, in the worst case, being uninsurable.
 
If you develop a serious illness or are involved in a major accident, Total & Permanent Disability (TPD), Serious Illness and Accident Insurance can help financially.
If you develop a serious illness or are involved in a major accident, Total & Permanent Disability (TPD), Serious Illness and Accident Insurance can help financially.

Types of life insurance

Life insurance products include cover for injury and illness. Covers Choosi can arrange direct include:
Type Description Benefit
Life Insurance

Cover for death or diagnosis of a Terminal Illness.

  •  Lump sum up to $1.5 million, generally tax-free. +
  •  Tailored cover.
Total and Permanent Disability Insurance

Cover for when you become totally and permanently disabled.

Usually available as optional cover with Life Insurance policies.

  •  Lump sum payment to help you and your family manage the costs of treatment and rehabilitation or living expenses such as mortgage repayments or rent.
Accidental Death Insurance

Additional cover in event of Accidental Death.

Often available as an optional cover with Life Insurance.

  •  Death: Provides an additional lump sum payment to your life insurance benefit to financially support your family if you pass away as a result of an accident.

Younger = generally cheaper

The premium for your life insurance policy will be based on among other things, your age, gender, whether you smoke and your level of cover.

As a young adult you will generally enjoy the benefits of:

  • Lower premium costs

    Premium rates are often significantly cheaper for young adults as you are generally considered to be healthy and lower risk.

  • More cover options

    As you are young and healthy you are eligible for a wide range of different cover options and extras. The older you get the harder it may be to obtain cover.

  • One step ahead

    Taking out life insurance can set up your financial security plan early on. Additionally, it can protect your chance of being eligible for insurance in the future.


You never know what life has in store for you. Being open to the good things and prepared for the bad can make all the difference. Choosi can help you choose the right life insurance cover for you. Contact Choosi’s team of Choosers today or request a quote online.

This is general information only and does not take into account your personal objectives, financial situation or needs. You should consider the relevant PDS available on this website prior to purchasing any product. Choosi offers insurance products from a range of brands but does not compare all products available in the market.



Compare now