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One Simple Strategy to Get Life Insurance and Avoid Being Out of Pocket

New Report: Paying for life insurance through superannuation can save hundreds of dollars per year

One in five parents will die before retirement age or will be unable to work until retirement age. This disturbing statistic makes it clear that life insurance is a must-buy for Australians who want to ensure their families are cared for no matter what the future brings.

In-house financial experts at LifeInsuranceComparison.com.au have seen rising demand for insurance coverage as more people recognise their loved ones would be in dire financial straits upon an untimely death or upon an inability of a breadwinner to continue working. Consumers are increasingly interested in securing policies providing for death benefits, income replacement and disability benefits.

Consumers have turned to online sites like LifeInsuranceComparison.com.au because online comparison shopping websites can promise significant savings. Still, even with 34 percent of shoppers saving as much as $550 in annual insurance premiums by shopping online, some consumers are finding it difficult to pay policy costs. Policies offering $500,000 in coverage may be as low as just $10 per week, but finding room in tight budgets is a challenge for many.

Fortunately, one simple strategy makes it possible to afford the coverage that you need even if you have no extra cash at payday. “You can pay for life insurance cover through your super fund and get the full protection a policy provides without being out of pocket at all”, says Nick Kolevski, a Senior Advisor of LifeInsuranceComparison.com.au.

Super funds offer life insurance for members, including death cover, total and permanent disability cover (TPD) and income protection (IP). Basic cover provided by a super fund is insufficient for most Australians to ensure their financial needs and the financial needs of their families would be met in the event of disability or death. However, you do not need to rely on basic cover alone. Consumers can shop around for insurance from LifeInsuranceComparison.com.au and, after finding an affordable policy, can use money in their super to pay the bill.

Expert advice provided face-to-face or over the phone is available from LifeInsuranceComparison.com.au. An initial phone consultation is offered without obligation and completely free of charge, and professionals working for Life Insurance Comparison are able to fast track the application process and complete paperwork for consumers. This allows for savvy shoppers to save both time and money.

Because it is possible to pay insurance premiums through a super fund, no Australian should go without the coverage they need. Take advantage of the opportunity to use your super to buy unparalleled financial security. Start comparison shopping today to find the right policy for you.

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.

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