No matter who you are, there are many reasons why you might need life insurance. Surveys show most Aussies first consider life insurance when they get their first job, have a child, buy a home, or start a business – key times when you think about your future. But the truth is that life insurance is important throughout your life.
Our Star Ratings of life insurance can assist you in comparing your options, but this article presents you with an easy-to-use shortlist that may help give you a starting point in choosing a policy that’s right for your needs. Read on to find out some of Canstar’s top-rated direct life insurance policies, sorted by our Star Ratings from highest to lowest.
Please note that the Star Ratings displayed in the tables below are dependent on the selection criteria used – the results may be different for you depending on your circumstances. Compare life insurance and income protection with Canstar to find policies tailored to your preferences.
How to find the best value life insurance for you
So how do you find the best value life insurance policy for you? There’s more to it than just looking for the cheapest premiums – there are several features and benefits that you should look for in a policy.
And every policy offers varying levels in terms of how much cover you need for term life cover (also called death cover), income protection cover, trauma cover (for critical illnesses and injuries), and total and permanent disability cover (TPD).
Now don’t be overwhelmed – we’re about to make your search for the right policy for you a whole lot easier.
Top term life insurance policies
Term life insurance is what we usually mean when we talk about “life insurance”. It can provide a lump sum payment to your beneficiary if you die or are diagnosed with a terminal illness, to provide for your loved ones when you are no longer around.
The table below display snapshots of the life insurance policies on Canstar’s database available for a non-smoking male, working in a professional occupation. You can use the tabs to view results based on an individual in his 20s, 30s and 40s. These results are sorted by Star Rating (highest to lowest) then by provider name (alphabetically).
Top income protection insurance policies
Income protection insurance can pay a monthly benefit payment (usually 75% of your usual income) if you are unable to work for a certain period of time due to illness or injury. This can take some of the stress off as bills continue to come in while you are off work.
The table below displays a snapshot of income protection insurance policies on Canstar’s database available for a non-smoking male working in the healthcare industry. You can use the tabs to view results based on an individual in his 20s, 30s and 40s. This table is sorted by Star Rating (highest to lowest) then by provider name (alphabetically).
If you’re still unsure having seen a snapshot of some of the best policies on Canstar’s database, our full comparison tables for life insurance and direct income protection insurance let you filter and sort policies based on your preferences.