Do I need life insurance if I'm single?

Protect yourself against the unexpected with an insurance policy to suit your needs. Learn about life insurance and income protection for singles with RACQ.

Do I need Life Insurance if I'm single?

When you’re working hard and setting yourself up for a bright future, it makes sense to put measures in place that’ll protect you.  Chances are you may have accumulated some assets and a bit of debt along the way - things like your car, student loans and credit cards. How would you continue to live to your lifestyle if you didn’t have your regular income? 

Your life:

You’re living for the moment and enjoying new experiences. You have time right now to set yourself up and achieve the life you’ve always wanted.

Your finances:

You’re working hard at your career, sticking to a budget and getting ahead. You’re able to manage your money, your way, and pay for the things that are most important to you.

As you're carving out your career your finances may be tight.

What are the benefits of Life Insurance for singles?

Life Insurance and Income Protection Insurance is cover that’s designed to help cover your expenses if you’re sick, injured and unable to work.

What insurance do I need?

Consider income protection insurance

What would happen if you ran into trouble and you were without your pay? Income protection insurance can pay up to 75%* of your Pre-Disability Income in the event you became disabled and can’t work. This can help cover your mortgage, credit cards, household bills, school fees or other expenses.  

How you can help to protect yourself

RACQ’s Life and Income Protection Insurance suite of products described on this website is distributed by RACQ Operations Pty Ltd ABN 80 009 663 414, Authorised Representative Number 234978 (RACQO), an authorised representative of AIA Financial Services Limited ABN 68 008 540 252, AFSL 231109 (AIAFS) and is issued by AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIAA). RACQO is a distributor only; it does not sell, issue or guarantee these products. AIAFS and other authorised representatives of AIAFS are also involved in distributing these products. Descriptions of product benefits and features are a summary only. You should consider factors like your objectives, financial situation and needs and read the relevant Product Disclosure Statement (PDS) available on this website before deciding to acquire or continuing to hold any of these products. The information on this website is general and does not take such factors into account so you should consider its appropriateness in the context of such factors. Cover is subject to terms, conditions, limitations and exclusions.

* Benefit is paid after nominated ‘Waiting Period’ - 30 or 90 days. For exclusions refer to Income Protection PDS page 18 – ‘What you’re not covered for’. Also refer to ‘Benefit Limitations’ on page 26.