Around 95% of Australian families don’t have adequate levels life insurance*.

Life can really add up, often more than we realise. What you might not know is that many of us are underinsured, so if something unexpected happens, your family may not be financially covered. Although many superannuation funds include basic life insurance, on average the cover within superannuation is only 30% of what’s needed.1 

It's important to take a bit of time and check to make sure you’re adequately covered. By regularly reviewing your cover, you’ll manage your risks so that if your earning power is affected, your loved ones won’t be financially vulnerable. Proper protection for your family could cost as little as 60c a day# with RAC Life Insurance

Check now to see if you have enough cover with our life insurance calculator

Is it time to review your life insurance cover?

In the last year...

 Has your income changed?

  • Do you have new financial obligations, like a new business?
  • Do you have a mortgage, car loan or other debts?
  • Do you have or are you expecting children?
  • Did you get married or divorced?

 If you answered yes to any of these questions, do a quick check and update your cover. 

Life adds up. The average Australian family needs to consider costs like: 

  • Monthly mortgage repayment: $1,9502
  • Monthly credit card debt: $5,3003
  • Household yearly holidays: $2,7044
  • Weekly general household living expenses (WA): $1,2854

Check out our Underinsurance Fact Sheet for more details.

*Lifewise/NATSEM Underinsurance Report – Understanding the social and economic cost of underinsurance, February 2010,
1. ‘Australia’s Underinsurance Gap Explained’ June 2015 article,

#Premiums vary. Example is based on a 34 year old female non-smoker with $210,000 Life cover and no health loadings. Total premium based on the example is $218.27 per annum. 


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.