Who needs life insurance?
Over 95 per cent of families do not have adequate insurance which means that Australia is underinsured by $1.37 trillion.1
At AIA Australia we understand that each individual will have different life insurance needs based on their own situation and stage in life. From one year to the next, things happen and life changes. People get married, have babies, get sick, get better, move house, start new jobs, separate, go overseas, retire from work…
With this in mind, our product range is designed to be flexible so that it can be tailored to suit the ever changing needs of Australians.
Each of our life insurance products offers something unique to help you protect the things that matter most.
Life insurance is considered the least important type of insurance (compared to home and contents, comprehensive car insurance and medical insurance), while home and contents insurance is considered the most important. 2
Consider what your greatest assets are in life and think about how you would cope if you lost the ability to work or were not around to support your family.
If you have just had your first child now is the tome to consider life insurance.
If someone you know has just had a life changing health scare, now is the time to take out life insurance - in many cases, it may then be too late for you if you wait.
If you have just bought your first house or upgraded now is the time to take out life insurance.
Top reasons for purchasing life insurance 3;
- Change in personal health 34%
- Buying a house/getting a mortgage 30%
- Doing up a full financial plan 24%
- Birth of a baby 17%
- Change in health of close friend or family 17%
- Joining a new employer & reviewing their super fund 16%
- Getting married 13%
Do not wait. Protecting yourself and your loved ones is more important than your car or contents of your home.
We pay claims – we paid over 94% of all claims submitted.
1 The Lifewise / NATSEM Underinsurance Report - February, 2010
2 AFA Life Insurance Research - April, 2011
3 Synovate Research - Consumer StudyAustralia - November, 2009
Assess Your Insurance Needs
Use this calculator to work out how much cover you may need.
Find an adviser near you
If you would like to talk about your life insurance needs, we can put you in touch with an adviser in your area
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Email link:
au.adviserservices@aia.com
