Why the Holiday Season Is the Perfect Time to Protect What Matters

A Life Insurance Guide by Covermate Life

The Season of Reflection and Protection

As the year winds down, Australians everywhere are shifting gears — wrapping up work, decorating the tree, and spending quality time with loved ones. The holiday season is more than just a time for giving; it’s a time for reflection.

It’s when we think about what — and who — truly matters most. And that’s exactly why this time of year is perfect for reviewing or taking out life insurance.

At Covermate Life, we believe peace of mind is the greatest gift you can give your family. Because while holidays come and go, financial security lasts far beyond the season.

Why the Holidays Are the Ideal Time to Review Your Life Cover

1. You’re already thinking about family and the future

Between family gatherings and festive conversations, the holidays naturally bring long-term thinking. Many people talk about their plans, travel, or finances for the new year — making it a great moment to check whether your life cover still fits your situation.

2. Major life changes often happen this year

New jobs, a baby, a home purchase, a marriage — sound familiar? Life changes like these can mean your old policy no longer offers enough protection. The end of the year is the perfect checkpoint to review your policy before another busy year begins.

3. You have a clearer view of your finances

After a full year of expenses, savings, and achievements, most households have a better sense of their financial standing. That perspective makes it easier to choose the right level of life insurance cover without over- or under-insuring.

4. It’s one of the few quiet times of year

While the lead-up to Christmas can be hectic, the break itself often gives people the breathing space to sort out personal matters they’ve been putting off. Taking 30 minutes to review your policy (or start one) could be the smartest move you make all holiday season.

How to Give the Gift of Peace of Mind

Step 1. Review your current situation

Ask yourself:

• Has anything changed in my family, job, or finances this year?

• Would my family have enough support if something unexpected happened?

• Are my policy’s beneficiaries still correct?

  
  

If you’re unsure, this is the time to talk to your insurer or adviser.

Step 2. Compare your options

Not all life insurance is the same. Some policies focus on lump-sum payments, others on ongoing income protection. A Covermate Life adviser can help you understand which options best fit your lifestyle and budget.

Step 3. Make it part of your holiday budget

Life insurance doesn’t have to break the bank — many Australians are surprised how affordable it is. Treat it like any other essential expense in your holiday planning, knowing it’s an investment in long-term security.

Step 4. Set a New Year’s reminder

Once your cover is in place, schedule an annual review each December. That way, life insurance becomes as much a part of your year-end routine as setting resolutions or hanging decorations.

The Real Value of Life Insurance

It’s easy to see life insurance as something you “should” have, but its value runs much deeper. It’s about:

• Protecting your family’s financial stability if you’re no longer around.

• Paying off debts such as a mortgage or car loan.

• Covering education costs for children or dependants.

• Maintaining lifestyle so your loved ones don’t face unnecessary financial stress.

Think of it this way — life insurance is the safety net that lets your family keep enjoying those future holidays with confidence, no matter what happens.

Avoid These Common Holiday Mistakes

• Putting it off until the new year: Once January hits, priorities shift and people get busy again. Start now while you’re in the reflective mindset.

• Assuming your existing policy is enough: Inflation, new debts, or family changes can quickly outgrow your cover.

• Over-spending and skipping protection: Gifts fade fast — true financial security lasts a lifetime.

A Message from Covermate Life

At Covermate Life, we make it simple for Australians to understand and choose the right life insurance — without the jargon or confusion. Our goal is to give you confidence that your loved ones are protected, so you can enjoy the holidays with peace of mind.

If you’ve been putting off your life insurance review, now’s the time to tick it off your list.

📞 Talk to a Covermate Life adviser today to see how easy it is to get covered before the new year.

Frequently Asked Questions

Q1. Why is the holiday season a good time to review life insurance? Because it’s when you’re naturally thinking about family, finances, and the future — all key reasons to check your cover still suits your life situation.

Q2. Do life insurance premiums change during the holidays? Premiums don’t usually vary by season, but reviewing now can help you lock in coverage before potential rate adjustments in the new year.

Q3. How do I know if I have enough life insurance? A good rule of thumb is to cover major debts (like your home loan), 5–10 years of income, and education or living costs for dependants.

Q4. Can I get life insurance quickly before the holidays? Yes. Many policies can be set up online or over the phone in minutes, especially if you’re in good health and provide accurate details upfront.

Q5. Is life insurance tax-deductible in Australia? Generally, premiums for personal life insurance are not tax-deductible, but income protection policies may be. Always check with your accountant for advice specific to you.