If you are choosing a policy in which you need to pay the premium on annual basis, then you can go for a term of your wish. Coverage is possible only when the policy is active, When you are proactive and smart in your approach you ensure that you include life insurance premiums and taxes in your monthly budgets as these are vital expenses for the upkeep of life. Set your financial allowance and choose the company that can accommodate it. Today you can get child insurance for kids as young as 14 days old. Review your budget to decide what you can afford to pay. It is not the amount of the policy only that you have to keep in mind but also the premiums. The benefits offered by guaranteed issue life insurance policies are usually limited to up to $25,000 of coverage. If you do not outlive the initial waiting period, the life insurance policy would pay nothing to your beneficiary. Majority of temporary agency workers Only five per cent of temporary agency workers have life assurance. If you are a person from Australia and you would like to get life insurance, always go for life insurance quotes as they would actually give you an idea, about the company that you would want to get covered by. A number of facts are given down below. In other words, if the insured survives the coverage period, he or she will not get any benefit on maturity. Anything more than that is simply not practical and should not get in the way of you feeding your loved ones while you’re still in existence.