The Game of Life - Uptake of Insurance in Australia
Australians prefer to take out car, home and health insurance over life and income protection, according to a research report recently conducted by Lifebroker. The study revealed some interesting misconceptions and myths about life insurance & income protection. Some of the results of the survey concluded that:
- Australians worry about burglary as much as death
- Only 54% of Australians have life insurance
- Cost is the major factor for underinsurance
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