Life Insurance Comparison

Easily compare life insurance quotes and buy with iSelect

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Find the right life insurance to suit your needs
Compare policy benefits side by side
Gain greater peace of mind

How you can compare life insurance with iSelect

Step 1. Get acquainted

Give us a few details about yourself and the type of life insurance you're looking for.

Step 2. Understand your options

We will go through your life insurance options based on what's important to you.

Step 3. Get covered

Knowing you're making an informed choice, you can buy a life insurance policy through iSelect.

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Compare policies across some of Australia's biggest life insurance companies

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Life insurance, simplified

Easily compare, select and save on life insurance policies

Experienced life insurance advisers

Our dedicated and qualified life insurance advisers get to the heart of what's important, helping you take charge of your policy.

Your insurance options, side by side

We compare and sell insurance products from a range of some of Australia's leading life insurers to help you with life insurance, income protections, TPD and trauma insurance covers.

Trusted by thousands of Australians

In 2018, we had 135,784 visitors come to iSelect for help with their life insurance.

Your life insurance questions answered

What is life insurance?

Life insurance offers financial assistance to your family (and other beneficiaries) when the unthinkable happens. A lump sum is paid to the policy holder’s family when they pass away, or if they’re diagnosed with a terminal disease. The purpose of life insurance is to provide your family with financial security if you were to pass away. However, life insurance isn’t just for the main salary earner. You should also consider it for both partners in the relationship. Life insurance can also include other forms of cover, such as:

Term life insurance
Total and Permanent Disability (TPD) cover
Trauma cover
Income protection cover

Like other forms of insurance, life insurance is only guaranteed if you pay your premiums.

How much life insurance do I need?

Deciding on the right amount of life insurance for you will depend on your circumstances, and your age and family situation. In most situations, you’ll want cover that takes care of your family's living expenses and your debts. For this reason it’s critical to start off by calculating what these expenses are. It’s also worth remembering that life insurance provided by a super fund may not be sufficient. At iSelect we have calculators for life insurance and income protection cover, and these can give you a clearer idea of the amount of cover you’ll need. However, please be aware that this only provides general advice.

How does life insurance work?

The purpose of life insurance is to provide your family (or nominated beneficiaries) with a lump sum payment when you pass away. You can use the payment to settle outstanding debts, and/or cover future expenses the policyholder normally took care of. The major benefit of life insurance is that it prevents your family and beneficiaries from suffering financial strain after your death.

What is term life insurance?

Term life insurance is simply another way of referring to life insurance and means "Yearly Renewable Term Insurance". It was originally used to differentiate from fixed premium life insurance, which is no longer available. Term life insurance pays out a lump sum when you pass away, or are diagnosed with a terminal illness.

How to buy life insurance?

There are three popular methods for buying life insurance:

Through an adviser - iSelect's expert advisers can help you compare products from multiple insurers and offer valuable insight on your options.
Direct from the insurer - sometimes seen as the simplest method for buying life insurance. However, you’re responsible for making sure that you’ve compared products and selected the right option for your needs.
Through your superannuationmany superfunds include some level of cover, but this may not be sufficient for your individual needs.

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Any advice provided on this website is of a general nature and does not take into account your objectives, financial situation or needs. You need to consider the appropriateness of any information or general advice we give you, having regard to your personal situation, before acting on our advice or purchasing any product. We don’t compare all providers in the market, and not all products are available at all times.