Australians Are Notoriously Underinsured, a Serious Problem Facing the Entire Country
by Liz Ernst
Few Australians have the financial resources to cover the expenses of life's unexpected hazards, and yet too many don't have a plan in place that will protect their financial security and lifestyle in the event that the
income earner suddenly becomes unable to work due to illness, injury or death. Multicover insurance - that is, coverage that includes life insurance, income protection insurance, trauma insurance (also called critical illness insurance), and disability insurance - is not a priority for many Australian households, and yet having multicover insurance in place is fundamental to good financial planning.
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