A recent survey of 2495 people on our site revealed a worrying trend in Australia that too few people are adequately covered when it comes to life insurance and many more have no cover at all. 40 percent of respondents answered that they would not be able to meet their basic, regular payments such as mortgages and utility bills if they were to become permanently incapacitated or suddenly pass away.

Perhaps of greatest concern is that a lack of awareness and understanding about what these policies include and the costs of cover is the most common reason for people having no income protection or life insurance. In addition, many Australians fail to comprehend that the main consideration for anyone looking to buy life insurance is not actually what will happen upon death,  but rather what will happen if the individual becomes unable to work or is permanently incapacitated. In many ways, this is a much more difficult financial position to deal with as living with overheads such as mortgage repayments, utility bills and paying for petrol are likely to continue regardless of whether the individual is able to work or not.

For this reason, it is absolutely vital that all adults consider their financial situation and evaluate exactly what cover they should have in-case they were ever to become unable to work. Do the calculations and make sure that you are adequately covered for all eventualities.

By comparing life insurance policies you will see that life insurance can be much less expensive or complicated as first thought. ARTOG.com.au absolutely guarantees to find you the lowest premium in Australia for a personal life insurance plan that suits your needs. Our specialist brokers will contact you and personally help you choose the plan most suited to your needs and wallet. Brokers from the Artog network are experts at de-mystifying the cloud of uncertainty which surrounds life insurance.