Life Insurance Companies
Insuring ones life is the most vital thing today, as life has become very uncertain. There is no guarantee today that you will surely see tomorrow. The reason for such a situation is the fast paced lifestyle that we all have accepted. In such a situation, if you have a family that depends on you then it is very important for you to insure their future. If something, somewhere, someday happens to you then there will be no one to look after them. You can secure yours and their future by taking a life insurance policy. Such life insurance policies are offered by many life insurance companies. So don't wait anymore and secure the future of your loved ones by taking out a life insurance policy.
Life Insurance Companies
A life insurance company is the one that insures the life insurance policy holder against death or any such event. These companies act as the insurers and have to pay a sum of money to those insured in case of death of the insured person. This sum of money is paid to the beneficiary that is nominated by the policy holder at the occurrence of some event. In majority cases beneficiaries are family members. The insured person in return of insuring his life has to pay some stipulated premium to the insurance company. Life insurance companies provide two types of life insurance contracts. These are protection policies and investment policies.
* Protection Policy - These policies are aimed to provide a security to those insured against any specified event. The security can be in the form of a lump sum payment.
* Investment Policy - Investment policies are aimed at growing the capital by collecting it in the form of premiums.
Life Insurance Companies Australia
There are many life insurance companies in Australia. Below are listed a few of these.
- American International Assurance Company (Australia) Limited
- AMP Life Limited
- ANZ Life Assurance Company Limited
- Asteron Life Limited
- BT Life Limited
- Challenger Life No 2 Limited
- Colonial Mutual Life Assurance Society Limited
- Combined Life Insurance Company of Australia Limited
- Commonwealth Insurance Holdings Limited
- Cuna Mutual Life Australia Limited
- Hallmark Life Insurance Company Limited
- HCF Life Insurance Company Pty Limited
- ING Life Limited
- IOOF Life Ltd
- Macquarie Life Limited
- MBF Life Limited
- MetLife Insurance Limited
- MLC Lifetime Company Limited
- MLC Limited
- National Australia Financial Management Limited
- National Mutual Life Association of Australasia Limited
- Norwich Union Life Australia Limited
- NULIFE Insurance Limited
- Prefsure Life Limited
- St Andrew's Financial Services Limited
- St Andrew's Life Insurance Pty Ltd
- St George Life Limited
- Suncorp Life & Superannuation Limited
- Tower Australia Limited
- Westpac Life Insurance Services Limited
- Zurich Australia Limited