Statistics show that 95% of Australians may not have adequate levels of life insurance¹. Being underinsured means that if something unexpected happened to you, your family could become financially vulnerable.
Want to know if you are at risk? Check out our questions to see if you could be underinsured;
|In the last year:||Yes||No|
|Has your income changed?|
|Do you have new financial obligations like starting a new business?|
|Do you have a mortgage, car loan or other debts?|
|Do you have children or are you expecting a child?|
|Did you get married or divorced?|
|If you answered yes to any of these questions you may be at risk of being underinsured|
1 Lifewise/NATSEM Underinsurance Report – Understanding the social and economic cost of underinsurance, February 2010.