LIFE INSURANCE and
Commonly Asked Questions:
How much does Life Insurance cost in Australia?
The average cost of $500,000 life insurance cover for a 40 year-old, male non-smoker is $31.55 a month for policies from a life insurance broker. The same insurance will cost $40.33 to $76.50 a month from “direct to the public” brands promoted on TV. See premium comparison
Which Life insurance is the best in Australia?
The “best” life insurance policy will depend how your age, gender, smoker status, pastimes, health and occupation is rated by insurers. As well as comparing premiums you should compare policy benefits, claims statistics and customer reviews. To find the right policy for your needs you should seek advice.
Who has the cheapest Life insurance?
Policies from life insurance advisers/brokers are generally cheaper than buying direct life insurance policies. Superannuation funds can also provide low cost insurance cover. The best way to find the cheapest cover is to shop around.
How do you compare life insurance and find the best value deals?
To find the best deals ensure that you are comparing policies from a wide range of insurers, including the largest life insurance companies in Australia. Compare quotes online so that you are not pressured into a purchase. Check what incentives and discounts are on offer to lower the price.