There are a lot of life insurance companies in Australia, and they all claim to be the best. But what is it that makes one company better than another? Are you looking for cover with extra features? Maybe you want to make sure your premiums will stay the same for life, even if your health changes. Whatever your reason for buying life insurance, here's our pick of the top 5 best life insurance policies.

Top 5 best life insurance policies

• The Life Protect 21 policy is one of the best life insurance policies in Australia. It offers a sum insured amount of $100,000 for up to 20 years at an affordable price.

• The Allianz Protect 25 policy is another great option for Australians who need a little bit more protection than the Life Protect 21 policy offers and want something less expensive than some of the other options on this list. This policy provides up to $250,000 of cover at a very reasonable cost over a period of 25 years.*

The Zurich Life Choice Plus plan is one that's perfect for anyone who has already taken out their own mortgage and wants something simple that doesn't need to be renewed every few years—it covers you until age 85! You can get up to $500,000 worth of cover with it too, which means if someone were asking how much money they should save in order to pay off their house early (or continue living there until they die), this would be an excellent way

Budget Direct Life Insurance

Budget Direct Life Insurance is a great option for those looking for a low cost life insurance policy. Budget Direct offers a range of options, including whole of life, term and final expense policies.

The company also provides cover for funeral expenses and death by accident. The latter is named “Accidental Death & Dismemberment” (AD&D).

Budget Direct has a strong customer service team that can help you with any questions you may have about your policy or about getting one in the first place.

AIA Complete Accumulation Plan

AIA Complete Accumulation Plan is a flexible life insurance plan that covers your family's needs and allows you to save money. AIA offers this plan at a low cost, and it has a good death benefit.

If you're looking for a good life insurance plan that has flexibility, then the AIA Complete Accumulation Plan may be right for you.

Fidelity Life CoverMax+

• The CoverMax+ is a life insurance plan that is designed for people over 50. This policy can be tailored to meet your needs and provides a range of benefits including:

• Life Insurance – helps you protect your family’s financial future in the event of your death.

• Income Protection – provides income if you are unable to work due to illness or injury.

• Death Benefit – pays a lump-sum payment to your loved ones in the event of death, which can be used as they see fit.

NobleOak Guardian Life Insurance

NobleOak Guardian Life Insurance helps Australian families protect what they cherish most. With a comprehensive policy that provides a range of features to help protect your family, NobleOak Guardian Life Insurance is easy to understand and affordable.

• Coverage options include personal accident and sickness, income protection and TPD cover.

• The option for lump sum payment on death can provide financial security for your spouse or partner in case something happens to you.

TAL Accelerated Protection Plan

A whole of life policy, the TAL Accelerated Protection Plan offers a death benefit of $200,000. It also comes with a 10-year guarantee period. Therefore, if you don't die within this period of time, your policy will be extended for another 10 years at no cost to you. The cover payout amount will also increase by 20% before the end of your first ten years and again after the second ten-year period ends—provided that there is no claim on your policy during this time. Plus, it has an interest rate that's guaranteed for up to 15 years!

For anyone looking for a little more than just cover, these companies have made it their mission to provide exceptional life insurance products.

If you're looking for a little more than just cover, these companies have made it their mission to provide exceptional life insurance products.

• 1st Choice: This company has been in the business for over 30 years and is one of the most reputable providers on the market, offering a variety of policies with flexible terms, great customer service and guaranteed premiums.

• Commonwealth Bank: The Commonwealth Bank offers a wide range of options that are affordable, easy-to-understand and come with excellent customer service. They also offer an array of funds to invest in if you don't need all your money protected at once—making it ideal if you want something simple but still want some flexibility!

• ING Direct: As Australia's largest online bank, ING Direct offers competitive rates on its life insurance plans plus various benefits like discounts on home loans or credit cards which might be worth considering if you're looking into switching over from another provider ASAP! However there may not be as much flexibility with this option."

Conclusion

Life insurance can be a confusing topic. There are so many different policies and terms, and each insurance company offers several options. If you’re looking for the best life insurance plan in Australia, it’s important to compare quotes from different providers. Make sure you read the fine print of your policy before signing up to make sure it’s right for you.