Hey there, thirty-somethings! Life insurance might seem like one of those things you can put off for later, right? But there are some pretty solid reasons to start thinking about it now. If you're in your 20s or 30s, life insurance is probably easier and cheaper to buy than you think. And It's not just about peace of mind – it could actually save you some serious cash down the road. So, let's dive into why investing in life insurance in your 30s is a smart move.

Income protection insurance can be a financial lifesaver if you get sick or injured and can’t work for a while. It provides a monthly income to help cover your living expenses during tough times. You can get this insurance either through your superannuation fund or as a separate policy (retail insurance). Each option has its own pros and cons. Let’s break down the key differences so you can decide what’s best for you.