2021 CALI report highlights underinsurance among younger workers, women, and mid-career individuals, with 68% concerned about affordability.

The Council of Australian Life Insurers' (CALI) report, 'State of Australia's Safety Net', reveals growing financial struggles and mental health concerns, increasing the need for life insurance. The report found younger workers, women, and mid-career individuals are underinsured, with 68% worried about life insurance's affordability. CALI calls for better financial advice and the passage of Delivering Better Financial Outcomes reforms to help address this issue.

August 12, 2024
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