How can expert advice help in deciding the right insurance coverage?

Experts can provide personalized recommendations based on your financial situation, goals, and risk tolerance.

Should I review my insurance needs regularly?

Yes, it's important to review your insurance needs periodically, especially after major life events like marriage, having children, or buying a home.

What factors should I consider when determining how much insurance I need?

Consider your financial obligations, dependents, income, and future goals to determine the appropriate coverage amount.

What happens if I have too little or too much insurance?

Having too little insurance may leave you financially vulnerable, while too much insurance could mean unnecessary expenses.

Are there tools available to calculate how much insurance I need?

Yes, many online calculators and financial advisors can help you estimate the right amount of insurance coverage.

How do I balance affordability and adequate coverage?

Work with a financial advisor to find a policy that provides sufficient coverage without straining your budget.

What role does inflation play in determining insurance needs?

Inflation can increase the cost of living and future expenses, so it's important to factor it into your insurance coverage.

How does my age affect the amount of insurance I need?

Younger individuals may need less coverage initially, while older individuals may require more to protect their assets and dependents.

Should I include my mortgage in my insurance coverage calculation?

Yes, including your mortgage ensures that your family can maintain their home in case of unforeseen circumstances.

Can I adjust my insurance coverage as my financial situation changes?

Yes, most insurance policies allow adjustments to coverage to reflect changes in your financial situation or goals.

RiskWizard

How to be well protected from life's risks
Guides, insights and updates from Merlin

Merlin Insurance Guides

Welcome to Insurance Guides by Merlin.

Let us help you manage life's risks with our easy to read Insurance Guides.

If you'd like more information, please contact us and we'll assist you.

Introduction to insurance

Have you got enough insurance?

Avoid being over or under insured

In-depth Guides

Term life cover

Total & Permanent Disabilty cover

Business protection

Business exprense cover

Business succession

Understanding insurance

Need assistance or further info?

Book your Insurance Checkup and we will help you over the phone and answer any of your questions.

RiskWizard Updates & Insights

Happy New Year! and website relaunch.

Welcome to our revamped Website, officially relaunched this CNY. It's been a busy time, refocusing our business towards doing what we can do best - helping more Australians to secure their finances through appropriate and affordable cover. We'll continue to add valuable insights, so check back in any time. If you have any questions, please contact us and we'll assist you. In the meanwhilte we wish you a wonderful and prosperous New Year! Best regards, Merlin Team.

Frequently Asked Questions

Determining Insurance Needs Insurance Claims Insurance in Super Insurance Costs Insurance Policies Insurance Advice Income Protection Term Life Cover Total and Permanent Disability Cover Trauma Cover Applying for Insurance Insurance Complaints

Insurance Checkup

Achieve piece of mind that your family is well protected from life's risks.

Our goal is to have you get the best insurance possible.

Book your free, no obligation 30min Insurance Checkup Call.

We can discuss:

What cover should I get?
Who much does it cost?
How do I get advice?
Are our insurances competitive?
How do we make a claim?

Book your Insurance Checkup Call

First name

Phone

Book your Call:

February 2026

Week starting Sunday, February 22

Time zone: Coordinated Universal Time (UTC)Phone call

Thursday, Feb 26

10:00 AM - 11:00 AM

11:00 AM - 12:00 PM

12:00 PM - 1:00 PM

1:00 PM - 2:00 PM

Need assistance or further info?

Book your Insurance Checkup and we will help you over the phone and answer any of your questions.

RiskWizard

How to be well protected from life's risks
Guides, insights and updates from Merlin