Health and Life Insurance do not necessarily go hand in hand but are both very useful to have. There are particular differences though. For instance, health insurance will pay for your health care should you need it, where as life insurance will pay for your family’s costs in the event that they need it. Both are similar though in the sense that they take into consideration your medical situation and your health and well being in general.
Yes, whatever your age and whatever your health is like you should be able to get both. Both health and life insurance though is like any other form of insurance and is based on risk so that the higher the risk you pose to your insurer that you may have to claim, the more you are likely to have to pay for your policy. It is important to note though that you should be able to find yourself a health and life insurance policy if needed. To save money look around and compare as many quotes as possible.
For further details about health and life insurance, you could try the link below:
http://en.wikipedia.org/wiki/Health_insurance
http://en.wikipedia.org/wiki/Insurance_in_Australia