Life insurance in Australia is absolutely necessary since it covers the family members in the event of the loss or serious disease of the income earner of the family. Due to this economic situation, it is necessary than ever for families to take protective measures. Because of the surge of standard of living, credit card usage, life insurance is essential for a family. Furthermore there is no better fulfillment than acknowledging that you were capable of giving a secure way of living for your husband or wife and kids, in case you aren’t there for the rest of their lives. Life insurance is a need of each individual but most Australians don’t know the value of a life insurance.