Life doesn’t slow down in your 60s. Neither do your responsibilities.
Whether you’re working, supporting your family, or planning for retirement - your life and the people in it still rely on the decisions you make. That’s why life insurance still matters. Explore how your cover can adapt to suit your life.
The insurance cover you have now may have suited your needs when you took it out, but does it still reflect your needs today?
To review and make changes to your cover, please speak to your financial adviser or contact our Customer Solutions team on 0800 808 267.
Why life insurance still matters

Protect loved ones
Provide peace of mind to your partner and family

Cover remaining debts
Help with mortgage, credit card, or other expenses

Leave a legacy
Support your grandkids or a cause you care about
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 may not need as much cover as before. Reducing your cover amount could lower your premiums, while still keeping protection in place. Speak to your financial adviser or contact our Customer Solutions team on 0800 808 267. View your current level of cover and your premium details in My Resolution Life.
Opt-out of inflation adjustments
As life changes, you may not need as much cover as before. Reducing your cover amount could lower your premiums, while still keeping protection in place. Speak to your financial adviser or contact our Customer Solutions team on 0800 808 267. View your current level of cover and your premium details in My Resolution Life.
We generally offer an automatic annual increase of your cover to keep up with the rising cost of living (unless you choose to ‘opt out’ of the adjustment). This ‘inflation adjustment’ or ‘CPI adjustment’ increases your sum insured by either a fixed percentage or the increase to the consumer price index (CPI) (depending upon the terms of your policy). We’ll apply whichever of these is higher, 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 either for a year or permanently, with the change taking effect from the next policy anniversary. Please refer to your Policy Document and Policy Schedule for the full terms and conditions that apply to your cover.
Remove optional extras
Some policies include additional options which carry additional costs, like premium waiver or life cover buyback. These provide extra benefits but also add to the cost. Removing an option that you no longer require can help reduce your premiums, but also removes the benefit. If you decide to add some additional options back after they have been removed, this may require underwriting and if your health has changed you may not be eligible to add them back.
Before making any decisions regarding your cover, we recommend that you seek appropriate advice from your financial adviser. If you have any questions or require further information, please contact our Customer Solutions team on 0800 808 267 to review your policy and to remove any options you might no longer need.
Common misconceptions (and what’s actually true)

Myth: I’m too old for life insurance to matter
Fact: If you have dependents or debt, life insurance still matters.

Myth: Life insurance is expensive and not worth it
Fact: You can often adjust your cover to make premium payments more manageable, while still staying protected.

Myth: My Super will cover everything
Fact: Super may not cover all expenses, especially if you still have a mortgage, have final expenses or want to leave something behind.
Understand what you may be giving up before cancelling
Cancelling your cover now may mean:
- Losing cover that may leave you or your loved ones without a financial safety net.
- Needing medical tests if you reapply for cover later.
- Potentially 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.
1 2024 Resolution Life Australasia claims statistics. Claims across all benefit types in Australia and New Zealand, for policyholders aged 50 or older as a percentage of total life insurance claims.
Important information
Resolution Life Australasia Limited ABN 84 079 300 379, NZ Company No. 281363, AFSL No. 233671 (Resolution Life) is part of the Resolution Life Group. The content on this website is for information only. The information is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission.