We put every effort into ensuring information on Finder is accurate. This article was reviewed by Karen Eley from our Editorial Review Board as part of our fact checking process.
A healthy male at age 40 can expect to pay around $19 per week for a $500,000 life insurance policy in Australia. It's also generally cheaper for women, who might expect to pay around $14 per week for the same level of cover.
Life insurance costs vary from person to person. While we've done our best to give you an idea of the price of life insurance, however, your own circumstances will impact the cost of your cover.
100+
quotes gathered
10+
policies analysed
4
age groups
| Life insurance policy | 25-year-old (annual premium) | 35-year-old (annual premium) | 45-year-old (annual premium) | 55-year-old (annual premium) | Apply |
|---|---|---|---|---|---|
 |
$664.95 | $666.23 | $1,405.35 | $1,405.35 | |
 |
$588.12 | $545.22 | $1,112.80 | $3,997.63 | |
 |
$524.28 | $608.05 | $1,198.08 | $3,098.40 | |
 |
$612.69 | $567.91 | $1,135.42 | $3,266.77 | |
 |
$280.96 | $326.85 | $609.19 | $2,161.06 | |
 |
$664.95 | $666.23 | $1,405.35 | $3,493.55 |
Finder sourced quotes from 10 Australian life insurance brands. Below are the average weekly costs for a non-smoker with no medical conditions earning an annual income of $80,000. These quotes were correct as of February 2023.
| Amount Insured | 30-year-old | 40-year-old | 50-year-old | 60-year-old |
|---|---|---|---|---|
| $500,000 | $6.93 | $11.1 | $26.33 | $76.3 |
| Amount Insured | 30-year-old | 40-year-old | 50-year-old | 60-year-old |
|---|---|---|---|---|
| $500,000 | $10.02 | $15.28 | $39.48 | $137.35 |
| Response | |
|---|---|
| Life insurance | 32.52% |
| 30-year-old | 40-year-old | 50-year-old | 60-year-old | |
|---|---|---|---|---|
| AAMI | $80 | $138 | $330 | $1025 |
| ahm | $44 | $63 | $171 | $563 |
| Allianz | $37 | $54 | $153 | $507 |
| ANZ | $32 | $46 | $121 | $450 |
| Bendigo | $59 | $59 | $170 | $595 |
| Budget Direct | $22 | $28 | $92 | $376 |
| Insuranceline | $42 | $69 | $153 | $555 |
| Medibank | $46 | $66 | $180 | $592 |
| NobleOak | $22 | $28 | $92 | $376 |
| RAC | $28 | $35 | $114 | $466 |
| Suncorp | $29 | $69 | $153 | $555 |
| TAL | $20 | $30 | $63 | $260 |
| Zurich Ezicover Life Insurance | $23 | $29 | $66 | $234 |
| 30-year-old | 40-year-old | 50-year-old | 60-year-old | |
|---|---|---|---|---|
| AAMI | $29 | $57 | $126 | $361 |
| ahm | $35 | $49 | $116 | $205 |
| Allianz | $29 | $42 | $103 | $307 |
| ANZ | $25 | $37 | $86 | $268 |
| Bendigo | $36 | $56 | $128 | $406 |
| Budget Direct | $15 | $22 | $67 | $236 |
| Insuranceline | $29 | $57 | $126 | $361 |
| Medibank | $37 | $52 | $122 | $357 |
| NobleOak | $15 | $22 | $67 | $236 |
| RAC | $19 | $28 | $82 | $293 |
| Suncorp | $29 | $57 | $126 | $361 |
| TAL | $19 | $24 | $51 | $165 |
| Zurich Ezicover Life Insurance | $18 | $25 | $48 | $143 |
There are several factors which insurers consider when determining how much you will pay for life insurance:
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