Australia is one of the most underinsured nations in the developing world, ranking 16th in a global listing, and for those of us who have life insurance we often haven't got enough.
Not everyone needs life insurance, it depends upon your stage in life and your individual circumstances. Ask yourself the following question ...
Would anyone I care about be worse off if I was unable to work or passed away, and if so, do I want to make sure their interests are protected?
For most, the answer will be a resounding 'yes'!
With the Australian Bureau of Statistics (ABS) revealing that 3 in every 4 Australians will be diagnosed with a serious illness during their working life, if you're in a relationship or have children, you should ensure you are insured and ensure you have enough.
Make sure you check out Sally Tyrie's Q&A on life insurance and get clued up and insured up today.
Money Smart not Money Short