Accidents can happen to anyone, but most Australians are not prepared for unexpected injuries. Statistics show that 95% of Aussies do not have sufficient amounts of personal life insurance,* meaning they could be at risk of financial trouble.
Life insurance isn’t just about receiving a lump sum when a family member passes away. It also offers protection against accidents that can strike anyone, no matter how healthy a person is. Reports suggest that individual Australians have more than a 60% chance of being disabled for one month during their working life.**
If you were disabled and unable to work, you could face a loss of income. Many uninsured people imagine that they can fall back on savings and government assistance, but this isn’t a safe bet. Government benefits are usually capped, both in terms of payout amount and length of time. If you have a long term injury, even if it is sustained at work, WorkCover may not get you through.
Life insurance, on the other hand, can provide dependable cover at an affordable price. For coverage against accidental injuries or illness, consider adding Trauma Insurance or Total and Permanent Disability (TPD) cover to your life insurance package.
Here’s How You Do It:
Step 1: Select your current age below.
Step 2: Once you answer a few questions, you will have the opportunity to compare quotes from up to 13 of Australia’s largest insurers. You may also be entitled to a free consultation.
Trauma insurance can cover you in the event of serious injury or illness, while TPD covers you if you’re totally and permanently disabled due to sickness or injury. These policy types can be used in addition to Income Protection policies, replacing even more of your income when you need it most.
Life insurance payouts are intended to cover not just the costs associated with your injury, but debt repayments and general cost of living. After all, if you’re dealing with a traumatic accident, no one wants the added worry about how to pay the mortgage.
To find the best value on life insurance cover, compare policies online with LifeInsuranceComparision.com.au. With minimal effort on your part, you can obtain free life insurance quotes from multiple providers in under two minutes. From there you’ll be in an informed position to make a choice on which policy will best cover you.
You can compare policies conveniently online, but life insurance experts are also available over the phone to answer your questions. They will assist you with the purchase of your new policy, so you don’t have to manage any confusing paperwork on your own.
Accidents happen, but life insurance can help. Don’t get caught without coverage. Compare policies today to find a life insurance policy that can keep your family finances afloat, no matter what life throws at you.
**Interim Report of the Disability Committee,Institute of Actuaries of Australia 2000
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Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.