Could this life cover policy from just $2.09 a day be right for you?

If you’re considering taking out life insurance, but the high premiums have put you off, there is a solution -- and it’s surprisingly affordable.

Our specialists at Compare Club have found a life insurance policy that can protect you and your loved ones' finances in a worst case scenario from just $2.09 a day.

That's great value, even if you’ve never held life cover before.

Life cover can cost less than you think: If you know where to look, the cheapest policies start from just $2.09 a day.

Even if you’re looking for something extra, Compare Club's experts can help. 

• We were surprised too when our specialists quoted us just $2.09 a day based on a 45-year-old non-smoking female with no pre-existing conditions who wants $2 million of cover.

• Our team knows life cover inside out: they’ll take time to get to know your medical history, occupation, and other details that can keep your premiums low, such as whether or not you smoke.

• Tell us how much you think you’ll need. When you’re deciding on an amount, people generally think about their biggest expenses, such as your mortgage, credit cards, or school fees.

What if you already have life cover? 

We can help you find a policy that meets your needs while trimming the fat. 

• Some policies get more expensive as you get older. If you’re struggling to justify your premiums, it could be time to see if there’s a cheaper policy.

• Insurers often release new policies and pricing. If you got a policy years ago, there’s a reasonable chance you may be able to cut your costs.

• Circumstances changed as you’ve gotten older? If you’ve bought a house or have a health issue, such as sleep apnea or diabetes, you may want to consider updating your life insurance.

The information contained on this web page is of general nature only and has been prepared without taking into consideration your objectives, needs and financial situation. As such, it is important that you consider the appropriateness of the advice and the relevant product disclosure statement (PDS) before proceeding. Any opinions expressed within an article are those of the author and do not specifically reflect the views of Compare Club Australia Pty Ltd. 

by Compare Club

Last update 10 Feb 2025 

The bottom line: Compare Club’s specialists could save you hundreds of dollars in premiums.  

They have years of experience in the life insurance industry and compare policies from ten of Australia’s leading insurers.

Looking for a cheaper life insurance policy but don't know where to start?

Our specialists at Compare Club can help you find coverage from just $2.09 a day.