Robert and Adina sold their carpet business five years ago. They viewed their business as a retirement nest egg and they invested most of the proceeds to give them a retirement income. They also reduced their overheads by downsizing into a smaller home.

With their business having played such a crucial role in their lives, they also had the foresight to take out Life Care policies with CommInsure, whilst they were in their 40s'. They are now active retirees who enjoy the extra peace-of-mind provided by having life cover in place, so that they know if something happened to one of them the other will have some financial security.

Robert and Adina's Costs1

Robert and Adina Retired
Smokers No
Robert Life Care Policy Value $500,000
Adina's Life Care Policy Value $500,000
Level premiums Yes - from age 41.
Approx. cost $155 per month in total or $5.10 per day (Robert and Adina's cover cost $2.99 and $2.01 per day, respectively)

1 This case study is for illustrative purposes only and does not reflect any particular person. All costs are indicative only and include a monthly $5 policy fee. Actual premiums are assessed on an individual basis.

CommInsure is a registered business name of The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA). Life Care is available through Life and Income Protection and Personal Insurance Portfolio, which are issued by CMLA. Product Disclosure Statements (PDSs) describing this product are available at and should be considered before making a decision to acquire this product. Please refer to our Financial Services Guide. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on the advice, you should consider it's appropriateness to your circumstances.