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Here’s how you lower your life insurance premium in 2017

Big savings available to Australians who compare life insurance in the new year.

If saving money is one of your new year’s resolutions, then a good place to start is with your life insurance policy. Life cover is an important expense for many Australian families, who struggle with rising premiums year after year.

Although it may be tempting to reduce your coverage, this can lead to becoming dangerously underinsured. Fortunately there are ways to lower your life insurance premium without cutting back on benefits.

Shop around

The quickest way to get a better deal on life insurance is to look for one. With a free service like it’s easy to see what prices are being offered for the products you prefer. Start by entering a few basic details online and you’ll be presented with a comprehensive quote from a life insurance specialist. Australians often find that there’s a lower price available on a similar life insurance policy, which can lead to big savings.

Once you’ve found a better value policy, a quick phone call with a life insurance expert will take care of all the details. makes switching policies simple by organising all of the paperwork for you. In fact, you won’t even have to leave the house.

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.

Quit smoking

Kill two new year’s resolutions with one stone by making this the year you quit smoking. When you do, be sure to inform your insurer, because it may lead to a lower premium. Leading a smoke-free lifestyle can impact the cost of your life insurance policy, provided you are always honest about your circumstances.

Pay your premium yearly

Depending on your insurer, paying your premium a year in advance can result in a savings of up to 7 percent. Speak with a specialist at to find out if you might be eligible for an advance payment discount.

Review your policy annually

Make it a habit to review your life insurance policy each year. By conducting a regular policy review, you’re making sure that your policy offers the best value for the coverage you need at the time. For example, if you’ve changed from a high-risk job to a low-risk job, this could lower the cost of your premium. To avoid underinsurance, it’’s important to ensure you’re covered at the appropriate level for your lifestyle.

Lowering your life insurance costs may be easier than you think. Start the new year with to discover the life insurance savings that could be waiting for you.

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