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The new reality of life insurance pricing in Australia (2025) For decades, Australians were told a simple rule: Choose level premiums if you want to save money long-term.Choose stepped premiums if you need a cheaper option upfront. But in recent years, that rule has been turned upside down. Level premiums — once seen as the “sensible long-term investment” — are now behaving unpredictably, with many policyholders experiencing multiple large increases , sometimes 30%–60% in a s

A Life Insurance Guide by Covermate Life The Season of Reflection and Protection As the year winds down, Australians everywhere are shifting gears — wrapping up work, decorating the tree, and spending quality time with loved ones. The holiday season is more than just a time for giving; it’s a time for reflection. It’s when we think about what — and who — truly matters most. And that’s exactly why this time of year is perfect for reviewing or taking out life insurance . At Cov

As the nation takes a punt this Melbourne Cup, remember — not everything in life should be left to chance. While picking a winner might be luck, protecting your family’s future isn’t. Life insurance is the surest bet you can make to safeguard the people who matter most, no matter what life brings. So, as you enjoy the races today, take a moment to think about your own race — the one for peace of mind, stability, and security. Talk to Covermate Life today about finding cover

Because heroes deserve protection too. Firefighting is one of the most selfless and courageous professions in Australia. Every time a firefighter heads out on duty, they face unpredictable risks — from structural fires to hazardous materials and natural disasters. But while they dedicate their lives to protecting others, it’s just as important to make sure their own families are protected if something unexpected happens. That’s where life insurance for firefighters becomes

Buying a home is one of the biggest financial milestones in life — but it also comes with long-term financial responsibility. For most families, mortgage repayments make up a large portion of monthly expenses. That’s why it’s crucial to have a plan in place if the unexpected happens. Life insurance and income protection can help ensure your family keeps their home and lifestyle secure, even if illness, injury, or death prevents you from earning an income. 1. The Financial Rea

When it comes to financial security, few things are as important as life insurance. Whether you’re protecting your family’s future, covering debts, or ensuring loved ones can maintain their lifestyle, having the right life cover gives you peace of mind. At Covermate Life , we help Australians compare policies, understand their options, and choose the protection that truly fits their needs. Here’s our expert guide to the best life insurance in Australia for 2025 . Why Life Ins

Why this matters if you’re choosing life cover When you take out life insurance, it’s not just about the premium or extras — it’s about whether your insurer will actually pay the claim when it counts. At Covermate Life , we believe reliability matters most. A life insurance policy is a promise, and that promise is only as strong as the insurer’s claims history. So, how do Australia’s life insurers perform? Let’s look at the latest data and trends. Australia’s Life Insurance

Becoming a parent is one of life’s biggest milestones — and it’s also a time when many Australians start thinking seriously about financial protection. At Covermate Life , we often receive questions from expectant parents about how pregnancy affects life insurance. Here, we answer the most common questions about getting life insurance while pregnant, how it works, and what to consider before applying. 1. Can you get life insurance while pregnant? Yes, you can apply for life i

When it comes to protecting your income, you might not realise you can hold income protection insurance either inside your superannuation or as a standalone policy outside of super . Both options have their benefits — but the right one for you will depend on your circumstances, preferences, and how you want to manage cash flow. At Covermate Life , we explain these options in simple terms so you can make an informed decision that suits your situation. A Quick Refresher: Wha

Many Australians are surprised to learn that income protection insurance isn’t just about financial security — it can also deliver potential tax benefits . If you hold an income protection policy outside of superannuation, your premiums are often tax-deductible , which can help reduce the cost of protecting your income. At Covermate Life , we believe understanding how these tax rules work is an important step in making informed insurance decisions. Let’s break it down simply

The right level of cover depends on your income, expenses, and financial commitments. While the exact figure will differ for everyone, here are key points to consider: 1. Your Regular Expenses Start by adding up your monthly costs — such as mortgage, rent, bills, food, and transport. Your income protection should ideally cover these essentials so you can maintain your standard of living. 2. Your Financial Dependants If you have a family or dependants who rely on your income,

When you think about insurance, you probably picture your car, home, or health — but what about your income? It’s your most valuable financial asset, and if illness or injury stops you from working, the loss of income can quickly create serious financial strain. At Covermate Life , we believe that income protection insurance isn’t just a policy — it’s peace of mind. Here’s why it’s worth considering for anyone who relies on their income to support themselves or their family

When life takes an unexpected turn — through illness or injury — your ability to earn an income can disappear overnight. That’s where income protection insurance comes in. At Covermate Life , we believe your income is your most valuable asset, and protecting it should be a key part of your financial wellbeing strategy. What Is Income Protection Insurance? Income protection insurance replaces a portion of your income if you’re unable to work due to illness or injury. It provi

Understand Your Cover, Stay Protected with Confidence When was the last time your life insurance adviser checked in with you?For many Australians, it’s been years since their life insurance was last reviewed — and in that time, life has often changed dramatically. At Covermate Life , we believe understanding your cover shouldn’t be complicated. Even if your previous adviser is no longer in touch, we can help you take over your existing policy and explain exactly what cover y

General advice only – this article does not take into account your personal circumstances. For advice tailored to you, please speak with...

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