Australia’s Comparison Finder Launches New Life Insurance Comparison Website

Sydney, NSW (PRWEB) July 05, 2011

The newest Comparison Finder site has some big shoes to fill, being released on the back of the success of its sister sites, all of which give users access to information and reviews of hundreds of the best products or services, plus the ability to directly compare these products or services in their own home, at their own pace, any time of the day or night:

   •      Credit Card Finder
   •     Personal Loan Finder
   •     Savings Account Finder
   •     Home Loan Finder
   •     Mobile Phone Finder
   •     Forex Finder
   •     Balance Transfer Cards It was especially important to the Comparison Finder team that Life Insurance Finder offer the same comprehensive and intuitive comparison services to all Australians, most importantly, quickly, easily and entirely free, because when there are fewer barriers to Australians taking out life insurance cover, fewer Australian families are at risk of financial hardship in case of an accident or death.

Visitors to LifeInsuranceFinder.com.au don’t have to sign up or register to find an insurance product to suit their needs, and can instead browse uninterrupted, by insurance provider or product type.

The site includes information and comparisons of not only life insurance cover but also income protection, disability, trauma, accident and key person insurance. Plus, Australians can compare the differences between personal and business insurance, and decide whether the benefits of no-medical life insurance suit them.

The Importance of Life Insurance Finder

The majority of Australians are dangerously uninsured, and Life Insurance Finder is doing everything they can to make it quick and easy for singles, couples, families or retirees to find the best cover.According to research released on 2 March 2010 by the Investment and Financial Services Association, 95% of Australian families don’t have enough life insurance. Plus, the average household would lose 50% or more of their income if one parent was struck by serious illness, injury or death.

According to a previous Investment and Financial Services Association survey from 2005, 83% of Australians had insured their car, but only 31% had taken out income protection insurance.

Unfortunately the true impact of these figures was seen in devastating proportions in Australian following the Victorian bushfires in 2009. The fires lead to the deaths of 173 people, but only 30 life insurance claims were paid by Australian life insurance companies following the disaster; just 17.3% of the people who died were insured. The total amount paid out in those claims was $5 million which is a payout of just $169,000 per claim.

The average Australian should be insured to at least 10 times their annual income in order to provide for their family in case of death or serious illness or injury. Life Insurance Finder makes it possible to research, compare, choose and apply for life insurance in one place, removing the barriers to insurance for all Australians.

About Comparison Finder
The Comparison Finder brand launched in Australia in 2006 to help consumers make informed credit card decisions. Since then Comparison Finder has launched seven other finance and comparison sites, offering unbiased information and side by side comparison, and most recently has set out to make sure all Australians have the opportunity to protect their family with life insurance.

Media contact:
Name : Fred Schebesta Position : Director
Phone: 0402 094 430
Email: fred(at)hiveempire(dot)com

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