Life insurance is a beneficial financial tool that provides a safety net for your loved ones in the event of your death. Start an online search now and find the most affordable (and reputable) life insurance options for Australians under 70.
You might be surprised to discover that there are indeed several cheap life insurance options for Australians under the age of 70. So take charge, and take advantage of these affordable options today.
TAL Life Limited
TAL Life Limited, previously known as Tower Life Insurance, was founded in New Zealand and has gained recognition as one of the leading life insurance companies. 1 The company offers different types of insurance policies, including life coverage, which provides a lump sum benefit to beneficiaries in case of death or terminal illness.
Highlights:
- Maximum entry age: 74
- Maximum benefit: no set limit
- Example monthly premium female: $18.82
- Example monthly premium male: $20.00
- 15% discount for BMI within a specific range at the time of application
Zurich Australia Life Insurance
If you’re looking for life insurance, Zurich Australia has affordable options available. Their life insurance policies are available for those up to the age of 69 and offer a lump sum payment to your beneficiaries in the event of your death or if you are diagnosed with a terminal illness. 2 Additionally, they provide up to $15,000 in advance from your death benefit to cover funeral expenses.
Highlights:
- Maximum entry age: 69
- Maximum benefit: $1,500,000
- Example monthly premium female: $18.15
- Example monthly premium male: $23.49
Over50insurance.com
Over50insurance.com is a life insurance company operated by NobleOak which provides coverage for people aged 50 to 99. 3 On top of the standard death benefit, their life insurance coverage includes a funeral advance benefit and grief counseling benefit, among others.
Highlights:
- Maximum entry age: 69
- Maximum benefit: $25,000,000
- 17% discount on Life Cover
- Renew until age 99
The Bottom Line
For those under the age of 70, it’s not too late to find a great policy that will provide peace of mind for both you and your loved ones. It’s essential to carefully consider your coverage needs and budget when selecting a life insurance policy, and to compare the different options available to find the one that’s right for you. Search online today to get more information and find the right life insurance policy for you.
