Securing your kids' future

You’ve convinced the kids that they’ll grow into their oversized uniforms and argued about whether sports or music is more important. But isn’t it time you talked about how you’d provide for them if one of you were no longer around?

Meet Chris and Stella

Their first child Jack is starting school next year, with little Becky at pre-school. And while they’ve talked at length about how soon Jack can start playing football, they haven’t talked about how they’d put their kids through school and university if one of them were no longer around.

School fees are one thing. But all the other stuff like holidays, extra-curricular activities and school camps can really add up, especially with bills and a mortgage on top.

And while many people have some life insurance through their super, it’s probably not enough for Chris or Stella to continue providing the lifestyle they want for their family if something happens.

What’s more, many people don’t consider how much it would cost to hire a professional to do the job of a stay-at-home parent. In fact, a full-time nanny and housekeeper could cost in excess of $75,000 a year.

The good news is, by taking the right steps, they can protect their family’s needs now and in the future.

And the right level of life insurance cover can be as inexpensive as a cup of coffee a day.

So by speaking with an MLC adviser, their needs as a family can be secured throughout their lifetime, whether the family gets bigger or circumstances change. And by getting in while they’re young, it’s possible to lock in a lower premium rate to help them protect their family for the long term.

Have you considered…

• If your current life insurance is really enough for your family to maintain their lifestyle?
• That it’s as important to insure the stay at home parent as the main income earner.

Check out how much you and your family might need using our insurance gap calculator and future earnings calculator