date:Jun 05, 2014
urveyed unsure about how much theyre covered for, Coles said the risk of underinsuring was huge. ABS statistics estimated the level of underinsurance of the lives of employed Australian families to be $800 billion.
Mike Goodall, Chief Distribution Officer, MetLife Australia, said that while this figure was staggering, there was a clear disconnect between consumers recognising potential financial stress, and then acting to protect against it with life insurance.
As an industry, something we are