The Game of Life

THE GAME OF LIFE Uptake of Insurance in Australia 888 "Vs 88 888888 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 Priorities for financial stability misconception 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 of Australians falsely believe the government 71% will provide financial support to families in Avoiding Debt MALE 62% FEMALE Car & Home Insurance the event of the death of a family member. of Australians choose the default option of life cover Over estimate the cost 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 of insurance The vast majority of these people have inadequate cover 69% 79% 77% 45% 47% 54% of Australians would not cope financially if their partner Private Health Car Home & Income Protection Contents Life died. lifebroker