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About Compare Life Insurance

Compare Life Insurance is a proud member of the Financial Services Online network owned and operated by Clark Family Pty Ltd, A.C.N. 010 281 008 and we are committed to helping Australian individuals and businesses locate the best financial products, services, information and advice available via the internet.

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Life Insurance Articles

Understanding the Role of Life Insurance in Financial Security Understanding the Role of Life Insurance in Financial Security
Life insurance can seem complex at first, but understanding the basics can help demystify this important financial product. At its core, life insurance is a contract between you and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon your passing, in exchange for premium payments. - read more
Navigating Pre-existing Conditions in Income Protection Insurance Navigating Pre-existing Conditions in Income Protection Insurance
Income protection insurance is a safeguard that provides individuals with financial stability in the event they are unable to work due to illness or injury. This type of insurance typically replaces a significant percentage of the insured's income, ensuring that their financial commitments can still be met during periods when they cannot earn an income through employment. - read more
5 Common Misconceptions About Income Protection Insurance in Australia 5 Common Misconceptions About Income Protection Insurance in Australia
Income protection insurance is a vital safety net for many Australians, offering financial stability when unexpected circumstances like illness or injury occur. Despite its importance, there are numerous misconceptions surrounding this type of insurance, leading to confusion and inadequate coverage among consumers. - read more
Protecting Your Professional Income: Understanding Income Protection Insurance Protecting Your Professional Income: Understanding Income Protection Insurance
Income protection insurance is a financial safety net for individuals who are unable to work due to illness or injury. It ensures that you receive a percentage of your income during times when you cannot earn a salary, helping you maintain your lifestyle as you recover. This type of insurance offers peace of mind by providing financial support when it is needed most, allowing you to focus on recovery rather than financial pressures. - read more

Insurance News

Australian General Insurers Report Record $7.3 Billion Profit Australian General Insurers Report Record $7.3 Billion Profit
18 Jan 2026: Paige Estritori

The Australian general insurance sector has reported a remarkable after-tax profit of $7.3 billion for the last financial year, marking its most substantial earnings in over ten years. This significant increase is primarily attributed to a decrease in catastrophe-related losses and robust investment returns. - read more
Australian General Insurance Premiums Set to Surpass $144 Billion by 2029 Australian General Insurance Premiums Set to Surpass $144 Billion by 2029
18 Jan 2026: Paige Estritori

The Australian general insurance market is on a trajectory to see direct written premiums (DWP) exceed $144 billion by 2029, according to projections from data and analytics firm GlobalData. This anticipated growth is largely fueled by heightened demand for coverage in response to the increasing frequency of natural disasters. - read more
Understanding the Impact of New Regulations on Cosmetic Nurses' Insurance Understanding the Impact of New Regulations on Cosmetic Nurses' Insurance
18 Jan 2026: Paige Estritori

The cosmetic nursing sector in Australia has experienced significant growth, driven by increasing demand for non-surgical cosmetic procedures such as injectables and skin treatments. This expansion has led to heightened scrutiny and the introduction of new regulations aimed at ensuring patient safety and professional accountability. - read more
Health Minister Addresses Insurers' Use of Loopholes to Raise Premiums Health Minister Addresses Insurers' Use of Loopholes to Raise Premiums
18 Jan 2026: Paige Estritori

In December 2024, Australian Health Minister Mark Butler issued a stern warning to private health insurers regarding the use of 'underhanded' tactics to raise premiums. This statement came in response to findings that some insurers have been closing old policies and introducing more expensive ones, effectively increasing costs for consumers without transparent communication. - read more

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Knowledgebase
Actuary:
A professional who analyzes the financial costs of risk and uncertainty using mathematics, statistics, and financial theory.