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New report shows average life insurance cover is dangerously insufficient

Life insurance is a new year’s resolution that is easy to achieve and has a lasting impact for your family.

Australians are overconfident and underinsured when it comes to life insurance, and it’s putting the country at risk. A recent study revealed that the median level of life cover meets only 61% of basic needs.*

When you assume that your family is not going to be affected by untimely death, you put each member at risk. It only takes a split second accident to turn your world upside-down, and if you don’t already have life insurance then it could be too late.

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 13 of Australia’s largest insurers. You may also be entitled to a free consultation.

The primary hurdles to purchasing life insurance—price and a lack of information**—are easily overcome when you use LifeInsuranceComparison.com.au, an easy-to-use free service that allows you to quickly see which insurers are offering the best prices on the cover you want.

After a few minutes online you’ll receive a quote on life cover and have access to an insurance advisor who can answer any questions you have about life cover and how it could benefit your family. In a short period of time you can receive the facts you need to make an informed decision about life insurance.

There’s a misconception that life insurance is a luxury item, meant for the rich to secure their riches. In reality, if you have dependents or own your own home or business, life insurance could be what stands between your family and financial ruin.

Consumers also tend to overestimate the actual cost of life insurance, which is often available for less than 5 percent of your income.** That means that almost two-thirds of Australians are risking the financial future of their families, all for only a few dollars a day.

With the help of LifeInsuranceComparison.com.au, you can find a good deal on affordable life insurance that will protect your family. If you’re not sure whether your current cover is adequate, don’t wait to find out that it’s not. Compare policies today, talk to an insurance specialist, and rest easy knowing that you’re covered. A great value policy is just a few clicks away.

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.

LifeInsuranceComparison.com.au's online quote comparison tool makes it easy to get quotes from 13 Australia's biggest life insurers