Want to protect your loved ones and the life you’ve worked so hard to build? Taking out life insurance is a smart way to protect your future. But many of us don’t take out the right level of cover and that’s leading to an underinsurance problem in Australia*.
But there is a solution: bundling multiple life insurance products together. It’s a cost effective strategy to offer a more complete level of protection against the unexpected – and is easy to do when you let Life Insurance Comparison do all the hard work for you.
Why you might need more than one type of life insurance
When you think of life insurance, it’s likely you’re thinking about term cover. This is the insurance that provides a much needed-payout to you loved ones if you pass away.
But term cover won’t offer that peace of mind and protection if you suddenly become so ill or injured you could no longer earn a living to support your family, even if it’s just for a temporary period of time.
That’s where Insurance products such as total and permanent disability (TPD), trauma cover and income protection can kick in.
Whether it’s a heart attack or just a broken bone that means you can’t work, you’ve got the peace of mind that you’re still able to pay your bills and maintain your lifestyle.
It’s why bundling multiple policies together can be an effective strategy and makes sure you’re not under-insured. Putting multiple policies together is likely to be more cost effective than buying several separate policies and gives you a greater depth of cover.
Bundle smarter with Life Insurance Comparison
But bundling lots of different life insurance products together must be incredibly expensive, right? Wrong. Some insurers offer discounts of up to 12.5% when you bundle. That’s why it pays to compare what’s available on the market and find the right provider for your life insurance needs.
To make things easier for you, Life Insurance Comparison’s specialists do all the heavy lifting to help you find the right combination of policies that can protect your future at an affordable price.
Ready to save on life insurance? Start bundling today.
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.com.au's online quote comparison tool makes it easy to get quotes from 9 Australia's biggest life insurers
Get the protection you deserve. Life Insurance Comparison can help you find you the ideal bundle of products, so you can get back to living your best life.
This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions.
*Rice Warner, Australia’s Persistent Life Underinsurance Gap, June 2015.