Why do you need insurance, to be a Young & Nestless member?
Because we want you to be protected against insurable risks.
Imagine that, two years from now, you’re well on your way to your Deposit Savings Target and then, unfortunately, one of you is injured in a car accident.
Or a skiing accident. Or you come down with a serious illness, or whatever. (Sh*t happens!) So you’re off work for 3 months, and now you fall behind on your Deposit Savings Target.
Ah, not if you’re insured you won’t. Our Payment Protection Plan will cover your rent and expenses AND maintain your savings plan.
You see, when you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium.
Insurance companies invest the funds securely, so they can grow. Then, if there’s a claim, they can afford to pay out and cover your loss.
So, in the event of misfortune, you’ll stay on track. Even after you’ve moved into your new home, you’ll still need insurance to protect your ability to make the mortgage payments.
Look, let’s go really negative for a moment. What if the worst happened and that accident or illness was so severe, you could never work again. Or maybe it was even fatal.
(Take a deep breath.)
Because yes, healthy people can get cancer and yes, accidents sometimes just happen to nice people.
Well, the Housing Completion Insurance Plan we set up for members will pay out enough to pay for the house, completely. If you’ve already moved in, it will pay out the mortgage.
So the surviving partner will own a house, just as you dreamed would happen.
Don’t worry about the cost, for now. We’ll show you how to budget your money so you can afford the insurance premium.
In fact, managing risk is so important that you can’t be a Young & Nestless member without our insurance cover.