According to research by TAL insurance, the cost of personal insurance soars after the age of 35. This is an important time in many people’s life.
It’s often when people are going through significant changes such as marriage, children, a bigger mortgage and more responsibilities.
From 2011 – 2016, TAL paid out insurance claims to the sum of $66m to people aged up to 35, but during the same period, this figure soared for those aged 35 – 46 to a total payout sum of $152m.
From our experience working with clients and insurance providers, it’s wise to get a personal insurance cover in place before you turn 35. If you are approaching your 35th birthday now is the ideal time to think about your insurance. But it is important to stress that an appropriate insurance plan is wise at any age.
If you’re under 35 and looking to get some professional advice regarding personal insurance, you can book a call with one of our advisers. Call our office on 1300 785 577.