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Life insurance quotes

Looking for life insurance quotes? Here's what you should know before getting started.

The cost of life insurance depends on your own unique situation and preferences. That's why it's so important to get personalised life insurance quotes. It's your opportunity to tell the insurance company exactly who you are and what you want from your policy.

The experts will then look at each individual person to figure out their risk profile, and price the policy accordingly. First thing's first though: you need to know what you want from your policy before you can get a quote that suits.

This page will help you do just that. It'll explain what factors impact price and how you might be able to lower your premiums. It'll also help you determine what level of cover is right for you, and give you a better idea of how much you can expect to pay for a policy.

Compare life insurance quotes

If you already know what you're looking for, fill in your details below to get personalised quotes from some of Australia's biggest insurers.

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How much cover do I need?

One of the most important things you have to know before getting a life insurance quote is how much cover you want. The bigger the potential payout, the more you'll spend on premiums.

Figuring out how much cover you need can be tricky because you have to consider lots of different factors, including how much debt your family has, the value of any assets you leave behind, and whether your family could be financially sound without your income.

To make things a little easier, we've created a calculator which helps you get an estimate of how much life insurance you might need. Just answer the questions below to find out.

What factors could influence my life insurance quote?

Lots of different factors can have an influence on your life insurance quote. These can be grouped into two main categories: personal factors and policy factors.
Personal factorsPolicy factors
Your ageThe type of insurance you want
Your biological sexThe benefit amount
Your occupationThe waiting period
Your hobbiesAny additional benefits
Your smoking statusWhether you want stepped or level premiums
Your overall healthIf you have a preferred brand
Where you liveIf you have other policies with the same insurer

How does my age impact my life insurance quote?

The older you are, the more you'll pay for your life insurance. We requested multiple quotes from five different insurers to give you an idea of just how much age can impact price.

Toggle through the ages below, to see how much premiums go up as you get older.

Price of life insurance at different ages

How does my biological sex impact my life insurance quote?

When it comes to life insurance, men pay higher premiums than women. That's because men tend to have shorter lifespans and they're also considered higher risk.

Professions that are considered high risk are dominated by men, as well as dangerous hobbies and pastimes. Sadly, men are also more likely to commit suicide.

Of course, sex is just one factor, but it's a big one. The chart below shows how different insurers price a policy with a $200,000 benefit for men and for women. You can see that, in every case, men pay more money for the same policy.

Price of life insurance for men and women

How does smoking impact my life insurance quote?

We all know that smoking is bad for our health, which makes us a bigger risk in the eyes of life insurers. People who smoke will pay significantly more for premiums – but at least it's something you can change!

The table below shows just how much your smoking habit could be hurting your pocket when you pay for life insurance. The quotes are based on a 30-year-old woman living in Sydney, seeking $200,000 cover.

Price of life insurance for smokers and non-smokers

How does the benefit amount impact my life insurance quote?

If you want a bigger potential payout from your life insurance policy, you'll have to pay more for your premium. It's important to get the balance right. Ideally, you want to get enough cover to meet the needs of you and your family, but the premiums should be affordable too.

Toggle through the table below to see how much your regular premiums could be impacted if you choose to take a higher or lower benefit amount.

Price of life insurance depending on coverage

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