How much do you need?

You and your family are unique - and 'family' means something different to everyone. So your Life insurance needs are as well.

There is no set amount of Life insurance you should have. The amount you may need is calculated based on a number of factors, like your:

  • income - how much you earn today (and tomorrow!)
  • dependants - do you have children or other financial dependants?
  • debts - do you have a mortgage, loan or other debts?
  • assets - have you accumulated any assets over the years, like property or shares?

Life insurance calculators can give you a good indication of how much you may need.Click here to calculate how much Life insurance you may need and whether you have enough at the moment.

Once you've got an indication of how much is enough, have a chat to your financial adviser. They'll be able to understand your individual circumstances, and then make sure you have the right amount of cover and the right policy to meet your unique needs.

How much is enough?
To understand your needs, a financial adviser will ask you some questions, so it's time to start thinking about the future (go on, it's fun!).
-     What does the future look like for you and your family?
-     What plans are you making together - that you don't want to have to break due to finances?
-     Do you have plans to put your children through university, take holidays or buy an investment property?
-     How much does your family's lifestyle cost you each month - bills, mortgage payments, kids activities?
-     Do you have savings that you could easily access if you needed them?

Once you've started painting the picture of your family's future and the costs involved in raising a family and reaching your goals, you'll start to get an idea of how important insurance is to cover those needs!

Tip: many of us have some insurance in our super funds. It's often not enough - but it's a good starting point to getting your life covered.

Before you see your adviser, give your super fund a call - or check your annual statement - to see if you have cover, and how much.

To find out more about life insurance:

This is general advice and does not take into account your objectives, financial situation or needs. Before acting on this general advice you should consider the Product Disclosure Statement and the appropriateness of the advice having regard to your situation and consult your financial adviser.

Which cover is right for me?

It is important to get your Life Insurance right. This is why our products are only sold through experienced advisers who can help you get the protection you need.

Talk to an adviser Discover how an adviser can help you

Asteron Life™ is committed to providing customers with long term financial security. We provide life insurance products including Income Protection Covers, Trauma Cover, Total & Permanent Disablement (TPD) Cover, Life Cover and Business Expenses Cover. To obtain a copy of our privacy statement, please contact us on 1800 221 727 or visit the following website to view or download the policy.

Suncorp supports and adheres to the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry through the Financial Services Council to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities. Download the Code here. For more information contact the Financial Services Council on (02) 9299 3022 (local call cost), email or visit