Can you buy whole life insurance in Australia?

InsuNews May 23, 2022

Can you buy whole life insurance in Australia?

While popular in the 1970s and 1980s, whole life insurance is no longer available in Australia. The most common and widely-used form of life insurance now is known as ‘term life insurance’. Whole life insurance is characterised by: Lifelong protection, unless you cancel the policy.

See also  Can you cash out term life insurance before death?

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