We have life insurance through our superannuation. Everyone should have a basic life component I think now due to the new legislation...we just took out extra modules up to what we wish to be covered for....we also have TPD insurance this way as well. The premium payments then come out of what Our boss puts into the super each week which works out well at the moment cos super fund in general are running in the negative or zero growth for the most part so we are actually better off this way we think....for now at least! And we don't have to pay out in premiums as such each week/fortnight so dont miss themoney......So maybe consider looking into the superannuation angle....