In the financial seascape of modern Australia, underinsurance looms as a silent undercurrent, with
potential consequences that ripple through lives and economies. This systemic issue, underscored by
the Deloitte Underinsurance Report, suggests Australians are navigating these waters less equipped
than they might realise, missing out on $25 billion in life insurance benefits.

The Advisory Compass in Shifting Tides

As the life insurance market contracts, and advisors find themselves navigating an increasingly
stringent regulatory maze, the role of informed, general advice becomes critical. It's a compass for
those seeking to understand their cover amidst market fluctuations and personal life changes.

The Underinsurance Chasm

This gap is not merely a concern for the individual but a national economic issue. The departure of
advisors from the industry, primarily due to increased compliance and squeezed margins, is
accelerating the chasm. Here, the importance of educational engagement becomes clear – it's about
empowering Australians to determine their insurance needs confidently.

Empowering Australians Through Education

General advice stands as a beacon, guiding through the complexities of life insurance. It’s not about
selling a policy but about educating on how products work, helping individuals ascertain their levels
of cover, and empowering them to make informed decisions.

A Path Forward
In the wake of this underinsurance pandemic, the path forward is illuminated by the potential of
informed decision-making. Australians, now more than ever, need tools and resources to ensure
their financial well-being is secured against life’s unpredictabilities.

Life Secure’s Commitment

Life Secure stands committed to this educational mission. Our aim is to bridge the knowledge gap,
providing the tools and insights necessary for Australians to close their own underinsurance gaps.