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Life moves fast - make sure you have the right cover
Your 40s are a balancing act. You might be deep into your career, juggling family life, and managing financial responsibilities. With so much going on, it’s easy for life insurance to fall off the radar. But now’s a smart time to think about what you’re protecting. Life doesn’t always go to plan and asking “what if?” can help you prepare for the unexpected.
Planning ahead in your 40s can make a real difference. We understand affordability matters, and we’re here to help you find the right balance between cost and coverage. As your life evolves, your insurance can too - so you can keep pace with your goals and protect what matters most.
To review and make changes to your cover, please speak to your financial adviser or contact our Customer Solutions team on 133 731 option 4 ext 50012. You can view your current level of cover and your premium details in My Resolution Life.
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Protect what you’ve built
Protect loved ones
Provide peace of mind or support to your partner and family
Cover remaining debts
Help with mortgage, school fees or credit card payments
Protect your lifestyle
Maintain your quality of life if your income is impacted
Cost-conscious? Here are some ways to keep it affordable.
Looking for ways to manage premium costs? There are flexible options that can help you stay covered while reducing your premiums. Learn more here.
Consider adjusting your cover
As life changes, you can adjust your cover. You may need more or less cover as before and there are options to reduce your cover to lower your premiums, while still keeping protection in place.
Speak to your financial adviser or contact our Customer Solutions team on 133 731 option 4 ext 50012. View your current level of cover and your premium details in My Resolution Life.
Increase the waiting period (income protection)
A waiting period is the period of time between first becoming unable to work because of injury or sickness, and when you become eligible for an income protection benefit. You may have accumulated extra leave such as sick, annual or long service leave that can provide an income buffer if you are unable to work due to injury or sickness. By increasing your waiting period, for example from 30 days to 60 or 90 days (longer waiting periods are available), you may reduce your premium.
Speak to your financial adviser or contact our Customer Solutions team on 133 731 option 4 ext 50012 to review your policy.
Restructure your insurance from standalone to linked
If you have life, total & permanent disability and/or trauma insurance, you can choose to make the covers either standalone plans or link them under the same plan. Standalone plans generally have a higher premium than linked cover.
If a benefit under a linked option (such as a TPD or trauma option) is paid, that payment reduces the sum insured of each linked cover (such as a life insurance plan) for that insured person. For example, you have $1.25 million in a Life Insurance Plan and $250,000 on a linked trauma option. If you made a trauma claim and the full benefit of $250,000 is paid, your Life Insurance Plan will be reduced to $1 million.
Alternatively, under a standalone plan, if a benefit is paid it does not impact any other insurances you may have.
Speak to your financial adviser or contact our Customer Solutions team on 133 731 option 4 ext 50012 to review your policy.
Opt-out of inflation adjustments
Your cover may include an automatic annual increase to keep up with the rising cost of living. This is known as an ‘inflation adjustment’’ or ‘automatic inflation’ increase to your sum insured and it increases by either a fixed percentage or the increase to the consumer price index (CPI). We’ll generally apply the higher of these, which means you’ll get more cover but also pay higher premiums. Learn more about inflation adjustments here.
You can opt out of this increase for a year or permanently, with the change taking effect from the next policy anniversary. Noting, if you decide to add the automatic inflation adjustment back after it has been removed, you may require underwriting.
Opt-out using this online form.
Speak to your financial adviser or contact our Customer Solutions team on 133 731 option 4 ext 50012 to review your policy.
Your cover matters most when it counts: At claim time
With a 97.8% acceptance rate for income protection claims and 98.8% for death claims in Australia1, Resolution Life offers peace of mind when it matters most. Our claims services are designed to do more than just provide financial support – they help customers get back on their feet. Whether it's returning to their own occupation or transitioning into a new one, we offer tailored support to aid recovery and reintegration. And when it comes to trauma claims, we act fast – getting funds to customers quickly so they can focus on what matters most: their health and recovery. Learn more about how we support our policy holders at claim time.
Common misconceptions (and what’s actually true)
Myth: I’m spending money on something I might never use.
Fact: Life insurance isn’t just about the worst-case scenario – it’s about peace of mind. It’s a financial backup plan that ensures your family won’t face hardship if the unexpected happens.
Myth: It’s not worth the cost and I’m better off spending my money elsewhere
Fact: You can often adjust your cover to make premium payments more manageable, while still staying protected.
Myth: I don’t need life insurance in my 40s if I’m healthy
Fact: Maintaining your life insurance cover becomes increasingly important as you move through different stages of life. As responsibilities grow and health risks change, having the right protection in place ensures your loved ones are supported when it matters most.
Understand what you may be giving up before cancelling
Cancelling your cover now may mean:
- Losing cover that could leave you or your loved ones without a financial safety net.
- Needing underwriting, including medical tests, if you reapply for cover later.
- Being ineligible for new cover, if your health circumstances change or you are above entry age for the cover.
You’ve maintained your cover for a reason – ensure it still meets your needs.
What’s your next step?
Want to adjust your insurance cover or need a quote? Please speak to your financial adviser or contact our Customer Solutions team on 133 731 option 4 ext 50012. View your current level of cover and premium details on My Resolution Life.
1Acceptance rate for income protection and life insurance claims made through a financial adviser. Australian Prudential Regulatory Authority (APRA) data for the financial year from 1 Jan 2024 to 31 Dec 2024. https://moneysmart.gov.au/how-life-insurance-works/life-insurance-claims-comparison-tool
Important information
Where the information on this website is factual information only, it does not contain any financial product advice or make any recommendations about a financial product or service being right for you. Any advice is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the product disclosure statement and policy document for the product. Any guarantee offered in the product is only provided by Resolution Life. Any Target Market Determinations for our products can be found at resolutionlife.com.au/target-market-determinations.
Resolution Life does not make any representation or warranty as to the accuracy, reliability or completeness of material on this website nor accepts any liability or responsibility for any acts or decisions based on such information.
Resolution Life can be contacted at resolutionlife.com.au/contact-us or by calling 133 731.
