The right cover
Choosing life insurance is about determining the level of cover you need and selecting an affordable policy that is right for you.
Your financial commitments can help you to determine the amount of cover your family needs. Consider factoring in debts like the mortgage, car loans, personal loans and credit card balances, as well as ongoing expenses like property maintenance, council rates, and utilities. It all adds up.
If you wish to obtain information that is more particular to your circumstances, consider using a life insurance calculator from a trusted source such as MoneySmart1, or you could consider obtaining independent financial advice.
Some policies also allow you to take out a joint policy, insuring both yourself and partner.