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Here’s how the Labor government could affect your life insurance coverage—and what you can do about it

Following the federal election, this service could be the secret to affordable life insurance

Now that the Labor party has been voted into power, Australians should be taking a close look at their life insurance, and sooner rather than later.

The new government has their eye on life insurance through super, which could have a ripple effect on all Aussies and their life cover. If you haven’t compared life cover recently, now is the time to act.

LifeInsuranceComparison.com.au has made it easy to compare life insurance, so you can quickly assess whether or not you have enough cover.

At Life Insurance Comparison, you can compare policies from our panel of 10 market leading insurers. We’re offering Australians the power to compare policies, including some that you may not see advertised.

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 10 of Australia’s largest insurers. You may also be entitled to a free consultation.

We know that it can be confusing to figure out exactly how much life cover you need, which is why our insurance advisors are always happy to have a chat with you over the phone. It’s a great way to get professional insight on one of your most important financial decisions.

As a general rule, you should consider any life insurance cover you hold both inside and outside of super. Would the combined amount be enough to keep your family afloat if something happened to you?

Pay close attention to your life cover through super, especially if you are under 25 or in a high-risk occupation. Prior to the election, Labor wanted to lower the age for automatic life cover through super from 25 to 22. They also advocated for default life cover for workers in high-risk industries.

While this sounds like a good move, it also assumes that life insurance is one size fits all. At Life Insurance Comparison, we know from experience that isn’t the case.

Each family’s needs are different, and your life cover should be personalised to reflect your situation. Our advisors take the time to find out what your needs are, so you have the knowledge to choose the level of life cover that is right for you.

No matter how the Labor government decides to legislate life insurance through super, it’s a good time to review the combination of cover you have. You can hold term life cover, TPD, and income protection both in and out of super, while critical illness cover is only available outside of super.

LifeInsuranceComparison.com.au lets you compare different types of life cover, so you can find the cover you’re looking for at a price that makes sense. It only takes a few minutes to get a quote, so there’s no need to delay.

Not only can you find a better price on quality life cover, you can save time, too. And less time comparing life insurance means more time spent with your family.

No Australian should have to pay too much for life cover, or go without because the price is too high. After all, nothing compares to the peace of mind you’ll have knowing that your family’s finances have a strong safety net in place.

Compare life cover today to find affordable policies that will protect your family’s finances in the years to come.

Get Started Now:

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.

LifeInsuranceComparison.com.au's online quote comparison tool makes it easy to get quotes from 10 Australia's biggest life insurers

Click Here To Get Started