To give you an idea of how much life insurance costs, we requested quotes from 11 different insurers using the profile of a 40-year old, non-smoking accountant with 100K annual income, has no pre-existing medical conditions and is seeking $500,000 life insurance.
The pricing in the table is the premium amount per month.
| Brand | Female quote | Male quote | Find out more |
|---|---|---|---|
 Noble Oak | $18.64 | $24.28 | More info |
 Medibank | $26.52 | $31.62 | Get quote |
 Zurich | $37.72 | $47.60 | More info |
 ahm | $25.98 | $31.00 | Get quote |
 RAC | $23.11 | $30.10 | More info |
 TAL | $22.22 | $27.77 | Get quote |
 HCF | $41.70 | $47.45 | More info |
 Allianz | $36.89 | $47.71 | More info |
 AAMI | $35.79 | $45.50 | Get quote |
 Insuranceline | $37.67 | $47.90 | More info |
 Suncorp | $35.79 | $45.50 | More info |
*These average quotes were taken in April 2025 and are subject to change.
| Response | Male | Female |
|---|---|---|
| Peace of mind | 10.39% | 9.14% |
| I have a mortgage | 6.12% | 4.04% |
| I have financial dependents | 5.94% | 3.69% |
| Other | 2.23% | 2.28% |
| I'm self-employed | 0.93% | 0.88% |
| I'm worried about being made redundant | 0.74% | 0.53% |
Note: A company can also be a brand, e.g. TAL also sells under its own brand TAL.
We currently don't have that product, but here are others to consider:
How we picked theseLife Insurance is a little complicated and a lot overwhelming. That's why we made the Finder Score, to make it easier to compare Life Insurance products against each other. Our experts analysed over 30 products and gave each one a score out of 10.
But a higher score doesn't always mean a product is better for you. Your situation is unique, so your policy choice will be too. Don't think of Finder Score as the final word, but as a good place to start your life insurance comparison.
You pay the same price as buying directly from the life insurer.
We're not owned by an insurer (unlike other comparison sites).
We've done 100+ hours of policy research to help you understand what you're comparing.
There are currently 23 listed life insurance companies in Australia, according to the latest Australian Prudential Authority (APRA) (Updated 3 December 2024).
APRA also currently lists 10 registered 'Friendly Societies' that it regulates (Updated 18 January 2024).
