Life and income protection insurance costs less than others
In reality those people who have life insurance and income insurance indicated they spent less on life and income protection insurance than other types of insurance, although many were unaware of the costs.
Q. Approximately how much do you actually spend per year on the following? Please provide your best estimate. (Base: Currently have relevant insurance and able to specify annual premium).
|
Expenditure per year on insurance |
% Don’t Know |
|
| Car | $600 | 17% |
| Home contents/building | $600 | 21% |
| Private health insurance | $1,500 | 17% |
| Life insurance | $480 | 53% |
| Income Protection | $620 | 59% |
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