If you’re wondering if life insurance is worth it as an older Australian, you’re not alone.
But ask yourself this: What would happen to your loved ones if you were suddenly no longer there? Would they be okay financially?
The good news is that you don’t need to pay thousands of dollars in premiums to get tailored cover for you and your family. Cover for older Australians can start from just $5.11* a day.
Is life insurance really worth it? Here’s the questions to ask.
Life insurance and what is right for you and your loved ones depends on your individual circumstances.
We get that everybody’s different. Maybe you started a family later in life, or have no kids at all. Or you’ve got a hereditary condition that you’re worried about.
What’s important is to ask a few questions about the impact on your family if you unexpectedly passed away or could no longer earn a wage.
Would you be able to cope financially if you were diagnosed with a serious illness such as cancer or heart disease, or worse?
Do you have any loved ones that are financially dependent on you?
Budgets can be tighter as you get older, but life insurance can be a sensible and surprisingly affordable investment. There’s a policy on our panel that covers older Australians with $700,000 worth of cover from just $5.11* a day.
What are the next steps?
Our specialists at Life Insurance Comparison know where to find affordable policies for older Australians. So even if you’re over 60, we know how to keep costs down.
We’re independently owned and that means our team are impartial and are focused on finding you the most appropriate cover for the best possible price from our panel.
We compare 10 of Australia’s top life insurers to find a policy that fits your family and budget. It’s quick and easy to get started. Just link on the link below.
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Life insurance is a smart investment that protects your loved ones when you can’t. Chat with us today and explore your options.
Life insurance policies are subject to the age restriction of 75 and under.
The information contained in this article is of general nature only and has been prepared without taking into consideration your objectives, needs and financial situation.This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any financial decisions.
*Any amounts referenced in this article are only indicative in nature and serve as a guide. There is no guarantee that you will be eligible for the amount referenced in this article. Life insurance premiums will vary based on your individual circumstances and the benefits you seek. The amount referenced is based on a 57 year old NSW non-smoking office worker man who wants $700,000 of life insurance cover.