Let me tell you something about life insurance

Australians own around 18 million life insurance policies. In total, we spend $55 billion in premiums providing $6.4 trillion worth of coverage. That's a lot of life insurance. 

And you know what? 

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Not one of these life insurance policies was purchased for the benefit of the policyholder.

Not one!

Trillions of dollars’ worth of coverage is focused on the needs of others. ​

​Life insurance can provide the cash, the security and the income your family need when you are no longer there to provide for them.

​Because life is always changing your family's needs may be changing, many households are actually under insured or not protected at all.

​Life insurance is the cornerstone of the family's financial plan. 

It's important to get it right, so ask yourself these questions. 

Do I have the right amount of coverage? Am I with the right company? Do I have the right kind of policy? 

To get the right answers, seek advice on how you can protect the lifetime needs of those you love and leave a proper legacy that lasts long beyond your years. 

The best time to start is right now.

Source: ASIC Report 413

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