New figures from Australian Finance Group (AFG) have revealed the average mortgage debt has risen to almost $370,000 . Rising mortgage costs also come at a time of other expenses increases. In 2014, consumers in Australia were warned to expect childcare costs to increase as much as 30 percent over four years. A family paying $100 per day for childcare was expected to see costs rise to $129 daily.
Larger mortgages, expanding child care and education costs, and concerns about other debts have resulted in an increased need to purchase life insurance policies. Life insurance protection is one of the best ways to preserve and protect quality of life for family members after an unex-pected death. Families at all income levels need the protection available through life insurance coverage and demand is rising for policies that are affordable but that will ensure surviving de-pendents are not financially destroyed by an untimely death.
Janine Lorenzo, an in-house financial expert at LifeInsuranceComparison.com.au, has noted rising demand for life insurance coverage. However, the primary concern for most shoppers is price: Australians know they need life insurance but are not certain if they can afford policy costs.
Fortunately, new online tools have made it easier than ever for consumers to discover affordable policies. Consumers who begin the process of shopping for life insurance are often shocked to find they can secure full financial protection for their families with $500,000 in life insurance cov-erage for just $10 per week!
Online services allowing consumers to comparison shop more easily among life insurance pro-viders have made it possible for 34 percent of insurance buyers to save $550 or more. This has brought the cost of a policy down for an average consumer to the level where skipping just two lattes or one takeaway pizza per week can buy you invaluable peace of mind and unparalleled protection for loved ones.
Thousands of consumers are taking advantage of the significant savings available. With the chance for consumers to get coverage for as low as $10 a week, anyone can afford life insur-ance- and with rising expenses, no one can afford to skip getting a policy.
Lifeinsurancecomparison.com.au is a trusted online service which facilitates easy comparison shopping for vital life insurance protection. Input simple information bout your gender and an-swer a few other simple questions about your coverage needs and you can find insurance poli-cies offering savings of as much as 20 percent per month. Now is the time to act as you never know what tomorrow could bring.
Here’s How You Do It:
Step 1: Select your state below.
Step 2: Once you answer a few questions, you will have the opportunity to compare quotes from up to 13 of Australia’s largest insurers. You may also be entitled to a free consultation.