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Older Australians who worry about affording life insurance are finding policies that won’t break the bank using this service

Liam T.
Last Updated on 4 March 2022
13 min read
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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.

Choose your age range.

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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.

Choose your area.

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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.

So, why invest in Life Insurance?

Protect Your Loved Ones

Safeguard your families financial future by covering costs, such as those during a time of an unexpected loss.

Peace of Mind

Know your loved ones will be financially secure if anything were to happen.

Prepare for Unexpected Events

Rest assured knowing you have a contingency plan in case of unexpected events.

How Much Life Cover Do You Need?

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We do not compare all life insurers or products in the market. Any advice provided in this website is of general nature and does not take into account your needs, objectives or financial situation. You should consider the appropriateness of it (and any relevant product) before proceeding, and read the relevant Product Disclosure Statement for the product. For more information about the range of insurers, how Life Insurance Comparison works for you, and how we make our money (keep in mind our quotes are free for you to utilise), click here and take the time to read our FSG. The financial products compared on this website do not necessarily compare all features that may be relevant to you. Comparisons are made on the basis of price only and different products may have different features and different levels of coverage.