Gary and Steve are in their early 30s, newly married and recently bought their first home together.
They have a mortgage and personal loans totalling $500,000.
Focusing on their careers, socialising with friends and family and overseas travel are important to them right now.
Following a referral from a colleague, Gary and Steve sat down with a financial adviser to discuss life insurance. With the support of their adviser, they made an active choice to takeout life insurance while they’re in their 30s.
Their primary motivation was to protect each other and their primary assets – their home, and their incomes – in the event of something happening to either one of them.