Life Insurance In Australia For Families & Households
Life insurance in Australia can help families manage the financial impact of a death, from mortgage repayments to everyday living costs. Understanding cover amounts, premiums and existing insurance through super can help you plan for those responsibilities.
Explore our life insurance guides, calculators and news , or connect with a life insurance broker from our Australia-wide referral partner network who can discuss your needs and compare available options.
Term life insurance
Family cover considerations
Mortgage and debt
Cover through super
Income protection
Pre-existing medical conditions
Comparison results are from participating brokers within our referral network and may not represent all providers in the market. We may receive a referral fee at no cost to you. We do not provide financial advice or credit assistance directly.
Life insurance Australia: understand your options
Whether you are protecting a young family, covering a mortgage, or planning ahead for retirement, choosing life insurance in Australia can feel complex. We break it down in plain language so you can compare policies, premiums, and benefits from participating providers with confidence.
Explore how term life insurance, income protection, and other cover types work, and see what they could mean for your household budget. Use our tools and guides, together with support from licensed life insurance advisers and brokers in our referral network, to decide on cover levels, compare quotes, and move forward when you feel ready.
Frequently Asked Questions
Compare life insurance quotes through participating brokers
See a range of policies: Compare life insurance options from multiple Australian insurers via participating brokers. Not all providers may be represented.
Match cover to your needs: Discuss your family situation, debts, and income with a participating broker to explore relevant policies.
Transparent pricing: Compare premiums and key features provided by your broker to spot value and trade-offs.
Support when you need it: Talk with life insurance brokers in Australia for help interpreting your options.
Plan ahead with our Family Life Insurance Calculator, designed for couples who want a clearer picture of their protection needs. It assesses Life, Trauma and TPD cover for both partners, factors in existing policies and super benefits, and highlights any shortfalls with detailed recommendations and easy-to-read visual insights.
Work out an appropriate level of cover by looking at your income, debts, dependants, and future goals.
Our life insurance calculator helps estimate how much your family may require to cover living costs, pay down loans, and fund education if you were no longer around. It’s designed for Australian households.
The results are general estimates only and do not take into account your objectives, financial situation or needs. Use them as a starting point for discussions with a licensed adviser or broker from our referral network so you can fine-tune your cover amount, aiming to keep premiums manageable while helping to protect the lifestyle you’ve built.
"The broker was fantastic and very helpful. He made the whole process very simple and explained everything in detail with very good suggestions. Will recommend him and look forward to future dealings with him. Thank You"
These are genuine reviews from customers who have used our broker referral service.
We work with licensed finance and insurance professionals across Australia and continually monitor the quality of our network, however individual experiences and outcomes may vary
Our role is to provide straightforward general information and updates, and refer enquiries to participating brokers who can discuss your cover needs.
Tools, guides, and updates to support your decisions
Use our calculators, educational content, and news updates to stay informed about average life insurance costs in Australia, policy changes, and how premiums may be affected over time.
Why work with participating life insurance brokers?
Personalised support: Discuss your goals, dependants, and budget with a licensed adviser or broker from our referral network who understands the market.
Clear explanations: Have policy jargon, exclusions, and optional extras explained in everyday language.
Ongoing help: Ask your broker about support for adjusting your cover as your circumstances change, such as having children or buying property.
Combine calculators and guides to build a clearer picture before you apply. These tools provide general information only and do not take into account your objectives, financial situation or needs.
Estimate your cover needs with our life insurance calculator.
Read step‑by‑step guides on term life, income protection, and family life insurance.
Compare policy features to see what life insurance may cover in Australia.
This week: Genetic testing reform means life insurers cant use adverse results on new or varied policies from 8 October. The industry watchdog flags ongoing claims handling issues and a review due this financial year. AIA Australia and Allianz Retire+ partner to pair wellbeing programs with retirement income solutions. And advice groups push back on a proposed CSLR levy, warning of possible pressure on advice fees. Hear what changed, why it matters, and practical steps to compare life cover with confidence.
The Financial Services Council’s continuing work on the Life Insurance Code of Practice is now less about consultation and more about how reforms will be embedded in everyday customer experience. For Australian households, that matters because the Code influences how insurers explain policies, assess applications, support vulnerable customers and manage claims during some of life’s most difficult moments. - read more
The latest APRA life insurance performance statistics suggest Australia’s life insurance sector remains on firmer ground than during the more volatile years of pandemic disruption, elevated claims pressure and rapid premium repricing. For policyholders, that is broadly positive. A stable insurer is better placed to pay claims, invest in service improvements and maintain confidence in long-term protection products. - read more
Australians considering life insurance are set to receive stronger protection around the use of predictive genetic test results, in a reform designed to reduce one of the more difficult barriers to seeking cover. The change is aimed at stopping life insurers from declining applications, loading premiums or applying exclusions solely because an applicant has an adverse predictive genetic test result. - read more
Fresh oversight of Australia’s life insurance sector has again drawn attention to a practical issue many households only discover at the worst possible time: the strength of a policy is not measured by the benefit amount alone, but by how clearly and fairly the insurer communicates when a claim, complaint or policy change arises. - read more
Imagine this: you’re a young professional establishing your career, managing student loans, and possibly even thinking about buying a home. Amidst all these financial responsibilities, life insurance may seem like something to worry about much later. However, even at a young age, securing life insurance can be a vital step towards protecting your financial future. - read more
Life insurance in Australia is usually designed to pay a lump sum if the insured person dies or, in many policies, is diagnosed with a terminal illness. This guide explains common inclusions, exclusions and policy conditions to check before comparing cover. - read more
Estimate a suitable life insurance cover amount by working through debts, income replacement, dependants, future expenses and existing resources. This guide explains a practical Australian framework for families, mortgage holders and income earners. - read more
Picture this: You and your family have just moved into your dream home. It’s a space filled with hope and countless plans for the future. But, amidst the excitement of homeownership, have you paused to consider the 'what ifs'? Unforeseen circumstances can threaten the security of your family's biggest asset—their home. - read more
Knowledgebase
Liability Insurance: Insurance that provides protection from claims arising from injuries or damage to other people or property
This week: Genetic testing reform means life insurers cant use adverse results on new or varied policies from 8 October. The industry watchdog flags ongoing claims handling issues and a review due this financial year. AIA Australia and Allianz Retire+ partner to pair wellbeing programs with retirement income solutions. And advice groups push back on a proposed CSLR levy, warning of possible pressure on advice fees. Hear what changed, why it matters, and practical steps to compare life cover with confidence.
