How to protect your family if something happens to you

ARTICLE
7 September 2026 dot 3 min read
Thinking about the future isn’t always easy, but having a plan in place can help provide peace of mind for you and your loved ones.  Preparing a Will and being insured are practical ways to protect your family’s financial future.
 
Life insurance can provide a lump sum cash payment to your beneficiaries if you pass away. This payment can manage everyday expenses, pay any debts such as a mortgage, cover education costs and maintain financial stability when they need it most. 

How much life insurance cover do you need?

The amount of life insurance that's right for you will depend on your personal circumstances. When considering how much cover you may need, you should consider:
  • your current assets, debts and monthly expenses.
  • how much your family relies on your income to meet everyday costs.
  • the unpaid contributions you make at home such as caring for children, household responsibilities or driving family members to activities.
  • if you have young children, what financial support they may need as they grow, including healthcare, food, education, clothing and entertainment expenses, and
  • whether you have any financial dependants - if no one relies on your income, your need for life insurance may be different.

Get affordable, flexible life insurance cover

With AIA Priority Protection you can apply online in minutes with no medicals or complicated paperwork. You’ll receive fast, flexible cover designed to help protect what matters most, plus a 5% discount if you apply online. 
Disclaimer:
Copyright © 2026 AIA Australia Limited (ABN 79 004 837 861 AFSL 230043). This is general information only, without taking into account factors like the objectives, financial situation, needs or personal circumstances of any individual and is not intended to be financial, legal, tax, medical, nutritional, health, fitness or other advice. Before acting on the information in this publication, individuals should consider its appropriateness having regard to such factors. The source information of the articles is current as of the date of publication and may be subject to change. While the information contained herein is believed to be accurate, AIA Australia expressly disclaims any and all liability for representations or warranties, expressed or implied, contained in, or for omissions from, the information.

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