Australians should be able to easily access life insurance products that provide them with the cover they need.
Current areas of focus to support an accessible life insurance market in Australia include:
Insurance in superannuation: insurance is an important feature of the superannuation system and ensures most working age Australians have a base level of insurance coverage and the option to increase their cover within superannuation, subject to underwriting; and
Financial advice: increasing the availability of life insurance advice is essential to ensuring Australians can confidently obtain life insurance products that best suit them.
