Life Insurance Comparison

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The Life Insurance Star Ratings were awarded in May 2025 and data in the table is current as at that date, updated from time to time to reflect product changes notified to us by product issuers. The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Life Insurance Star Rating Methodology. The rating shown is only one factor to take into account when considering products.

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied. The results will show the products that most closely match your selection, based on our profiles. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

TMDs are compulsory for most financial products. TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer. Canstar takes this responsibility seriously. As a distributor, we periodically review the TMDs of products we list on our website to help ensure our distribution channels are likely to result in the products reaching consumers within the relevant target market. This is one of the reasonable steps we take to comply with our obligations.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Check current rates and product details with the product issuer. The results will show the products that most closely match the inputs in the selector above the table. If you are unsure about any terms used in the comparison table please refer to the glossary.  Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Canstar is not providing a recommendation for your individual circumstances. It’s important you check product information directly with the provider. Not all policies cover every part of a region. Your specific address may not be included in the policy’s coverage, even if other parts of the area are. For example, some insurers cover North Queensland but exclude Far North Queensland. Consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the PDS and TMD. For more information, read our Detailed Disclosure. 

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

We provide links to our Online Partners. These are brands that may pay Canstar a fee for referring you. Our tables default to display only our Online Partners’ products initially, you can adjust the Online Partner Filter to see all of the products available for comparison on Canstar’s website. We provide these links so that you can click through to the product provider’s website to get more information. The provision of these links does not constitute a recommendation by Canstar.

Before you elect to terminate or modify existing lending arrangements, we recommend you consider (i) your personal circumstances, and (ii) any associated fees, exit costs and application costs that may be applicable as well as the impact these changes could have on you. We suggest you consider seeking independent advice from a qualified adviser.

Canstar may refer you to Lifebroker if you take an action (such as click a “Book a Call” button) on our website.  Lifebroker may provide general advice to you in relation to life insurance products and may also facilitate a sale of a life insurance product to you.  For each sale of a life insurance product that is made after Canstar refers you to Lifebroker, DDM will receive a payment from National Financial Solutions Pty Ltd (“NFS”) on behalf of Lifebroker.  These payments are calculated with respect to a percentage of the premium of the sold policy, which fluctuates as the price of premiums changes over time and depending on the particulars of each insurance policy. Fees paid to DDM can be up to 50% of the commission earnt by NFS.

The following commission maximums apply to commission earnt by NFS from the insurer:

· Upfront commission: is a one off payment payable at the time of purchase of up to 60% of the premium you pay (exclusive of GST).

· Ongoing commission: for each year the premium is in force, NFS receives an ongoing commission of up to 20% per annum (exclusive of GST) from the issuer of the product.

In limited circumstances NFS may be paid a commission on a “Level” basis, where the Upfront and Ongoing Commission are the same proportion of the premium each year.  Level commission is up to 30% of the premium you pay each year (exclusive of GST).

You can ask Lifebroker directly which commission structure applies to your policy.

Where a Lifebroker representative arranges a policy for you, that representative may receive remuneration in addition to their salary.  The amount of additional remuneration is dependent on a number of factors including the value and number of policies arranged over a certain time period (including adjustments for policies which are cancelled or downgraded during the first two years of cover), their compliance and the quality of their conduct.  There may also be circumstance where other benefits are given to representatives from time to time by Lifebroker or by product issuers.  Please refer to Lifebroker’s Financial Services Guide for more information.

Companies listed in the table, or in ads, may use or be used by another company to arrange, issue, distribute or sell its insurance policies to customers. For more information on the issuer of the policy, please read the Product Disclosure Statement.

By clicking on the number next to the phone icon, you will leave the Canstar website and be connected with the call centre of the Online Partner’s brand that you have selected. You will be subject to that referral partner's brand privacy policy and terms of use. You agree that Canstar Referral Terms apply to this referral.