The day you’ve been waiting for has arrived; your brand-new car is ready to take home. What’s the first thing you do before you get into the driver’s seat? Get car insurance, right? There’s no way you’ll risk anything happening to your set of wheels! We know you want to help protect what matters most. That’s why it’s important to get the right level of life insurance too. So, are you underinsuring yourself? Find out now.
Using your age, gender and lifestyle you can get an idea on the level and type of cover that’s best for you. Life Insurance is all about helping your family if you get terminally ill or pass away. If you want to protect your income, Income Protection Insurance can pay a monthly premium to you and your family if you get sick or injured and can’t work. By looking at your lifestyle you can get an idea at how much life insurance cover you need. Remember, as your life changes, your cover needs may too. Keep evaluating your assets and debts to ensure you’re properly protected.
Life insurance is all about managing risks so you can help protect you, your loved ones and your lifestyle. Being underinsured means you don’t have the right level of cover to support you and your family if you pass away or you need to be absent from work.
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.
The RAC Life Insurance suite of products is distributed by RAC Distribution Pty Ltd (RACD), an authorised representative of, AIA Financial Services Limited , AFSL 231109 (AIAFS) and is issued by AIA Australia Limited, AFSL 230043 (AIAA). RAC is a distributor only; it does not sell, issue or guarantee these products. AIAFS and other authorised representatives of AIAFS are also involved in distributing these products. Descriptions of product benefits and features are a summary only. You should consider factors like your objectives, financial situation and needs and read the relevant Product Disclosure Statement (PDS) available on this website before deciding to acquire or continuing to hold RAC Life Protect or RAC Income Protect products. The information on this website is general and does not take such factors into account so you should consider its appropriateness in the context of such factors. AIA Australia has adopted the FSC Life Insurance Code of Practice, which contains minimum standards of service that customers can expect from insurers. The code can be found at FSC.
AIA Vitality partners, benefits and rewards are subject to change at any time. For the most up-to-date information and to view the AIA Vitality Terms and Conditions see
aiavitality.com.au. Partner terms and conditions may also apply.