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How to Determine if You Have Enough Life Insurance in 2024

If something happens to you and you are unable to provide for your family, will the amount of life cover that’s paid out be enough to cover your outstanding debts and replace your lifetime income?
Fact Checked

Updated: 19 May 2024

Many people in Australia do not have enough life insurance to look after their loved ones for more than one or two years if they were to die.

How much life insurance you need will vary, but you will want enough to protect your loved ones from financial hardship. Use the guide below to calculate how much life insurance will be enough at your current stage of life.

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