How much life insurance cover do I need?
To work out the right level of cover, you should consider your expenses, including your mortgage or rent, school fees, other debts, and living expenses.
A higher level of cover may make your premiums more expensive, but the right level of cover should mean that your family or other dependents can maintain their lifestyle without you. If you’re not sure how much cover you need, it is best to speak to a financial advisor.
The Life Wise website has an insurance calculator which can help you work out how much insurance you need.
Things you should know
Any advice provided is general only and doesn’t consider your objectives, financial situation or needs. You should carefully read the relevant Product Disclosure Statement (which sets out the product terms, conditions and exclusions) and Financial Services Guide available here to ensure the product is right for you.
Medibank life insurance products are issued by the insurer, Swiss Re Life & Health Australia Limited ABN 74 000 218 306, AFSL 324908 (Swiss Re). Medibank life insurance products are distributed by Greenstone Financial Services Pty Ltd ABN 53 128 692 884, AFSL 343079 (GFS), and promoted by Medibank Private Limited ABN 47 080 890 259, AR 286089 (Medibank Private). Medibank Private is an authorised representative of GFS.
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