It’s something that no one ever wants to think about: what happens to your family if you pass away unexpectedly?
Death is an inevitable fact of life—but what isn’t inevitable is the financial position you leave your family in after you pass away.
In Australia, many families don’t have the right insurance cover to receive the best financial support for their children after the sudden loss of the main income earner. A recent report discovered that 60% of Australian parents would not be able to maintain their family’s standard of living with their current life cover.*
Cover should provide consistency of life for the loved ones you leave behind, but it turns out some parents aren’t actually getting value from their costly premiums. This often leaves the remaining partner or children to foot unexpected bills and expenses after the loss of a parent.
Life Insurance Comparison is making it their mission to help Australian parents find and move to cheaper life insurance cover in 2019. We know that not everyone has the money, or the time, to compare cover. That’s why we make comparison simple and easy. With the ability to select from a panel of Australian insurers, you can compare in half the time it would take to brew a cup of coffee.
Since launching, Life Insurance Comparison has helped thousands of Australian parents find cheaper life insurance. The online service helps you find policies that offer the cover you want.
Many Australian parents are unaware that life cover has the ability to offer protection beyond death cover. With inclusive policies available, you can select life cover which includes Funeral or Accident cover.
Life cover can be useful for reducing the financial strain that can result from a sudden or unexpected loss of life. One of the most common uses is to help pay for mortgage debt or funeral expenses.
With a Life Insurance Comparison expert on call, you can confidently explore different options for structuring your premiums, such as paying for your premiums from the balance of your superannuation.
Medical, school and household fees can hit twice as hard when there’s only one income to pay the bills. Sadly, studies have found that nearly half of families who lost a parent reported that their partner or parent’s death was completely unexpected.**
Better cover can help you prepare for sudden tragedies that leave behind a financial gap in the family. Whether you are earning an income or you’re a stay-at-home parent, your contribution to your family is important and deserves to be secured.
Good life insurance cover doesn’t have to be expensive. To find a life insurance policy for your family, visit Life Insurance Comparison or contact an in-house life insurance specialist today.
Compare today to better protect your family’s tomorrow.
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.com.au's online quote comparison tool makes it easy to get quotes from 9 Australia's biggest life insurers