The Game of Life

THE GAME OF LIFE Uptake of Insurance in Australia 88 888888 888888 "Vs Australians worry about burglary as much as death Only 54% of Australians have life insurance Cost is the major factor for under insurance The super misconception Priorities for financial stability Why are we under insured? But how much do we know? Superannuation has increased the uptake of life insurance 31% 46% 76% 78% 83% 58% of Australians believe that premiums are too high & you don't get what you pay for. 48% of Australians have life insurance under 49% 42% 65% 33% superannuation Investment Budgeting Life Insurance 71% of Australians falsely believe the government will provide financial support to families in the event of the death of a family member. Avoiding Debt MALE 62% FEMALE Car & Home Insurance of Australians Over estimate the cost choose the default option of life cover Don't know the cost don't realise that life insurance is more 92% expensive if the insurer does not ask for health and medical history on application. Uptake ratios for the different types The vast majority of these people have inadequate cover of insurance 69% 79% 77% 45% 47% 54% of Australians would not cope financially if their Private Health Car Home & Contents Income Protection Life partner died. lifebroker