Life insurance can be especially tricky when you have a self managed super fund. We can help you think outside the box, giving you the tools to structure your life cover so it gives you the most benefits.
Whether you’ve got questions about superannuation rebates or simply want cheap, self-service life insurance, our experts can help. They’ve been in this business for a long time, so they’re well equipped to listen to your needs and provide professional insights. Not only will you get free quotes, but our life insurance specialists will be with you every step of the way—it’s all part of the service.
Before he came to us, Frank was paying for three separate insurance policies that were costing him over $10,000 a year. He was frustrated and disappointed with his insurers but didn’t know where to start.
After years of paying premiums to the same insurer Maggie found herself in trouble when they suddenly refused to renew her policy. Due to a change in her health and her finances, she was told that no insurers would protect her. That’s when she came to us.
The amount of life cover you need depends on your personal circumstances. Here are some factors to consider:
Life insurance works in a similar way to other types of insurance. You pay a monthly or annual premium to get financial protection for an asset, which in this case is you. If you pass away or you are diagnosed with a terminal illness, your nominated beneficiaries will receive a payout. The money can be used wherever it is needed, which is typically for things like mortgage payments, day-to-day living expenses, education, or childcare. The amount provided varies depending on the terms of the insurance policy, and once the payout is complete, the policy effectively ends.
An online life insurance purchase can offer a more comprehensive look at the market than life insurance direct from a single insurer. Compare today with LifeInsuranceComparison.com.au and know you’re making an informed decision on your life cover. You’ll even get professional advice from a life insurance broker, who will handle the paperwork and liaise with the insurer on your behalf.
Life insurance cost varies but can be surprisingly affordable. Recent comparisons show that a 5-star rated policy with 500,000 of cover for a female non-smoker in her 40s costs an average of $9.81 per week. The same policy for a male non-smoker in his 40s costs an average of $11.40 per week.*
The whole of life insurance premium depends on several factors, such as your age, lifestyle, health, and what job you do. All of these things contribute to your risk rating, which is what determines your premium. For example, life insurance for diabetics has different considerations than life insurance for non-diabetics. Many policies will require a medical exam as part of the risk assessment process, though no medical life insurance is also possible. Compare life insurance quotes online with LifeInsuranceComparison.com.au to find a low price on a policy that offers the cover you want.
*Figures from CANSTAR 2017 Direct Life Insurance Star Ratings and Awards
The best life insurance for your neighbour may not be the best life insurance for your family. The best life cover will tick the boxes for you on features, budget, and flexibility. Life insurance benefits cover a wide range of options and budgets so you can better find a policy that suits you.
Here are some features to consider when choosing the best life insurance policy:
Life insurance cost is one of the most important factors for many people when buying life cover. Finding cheap life insurance that delivers on value is a priority for Australians, and the good news is that it’s within your reach.
Recent comparison quotes show that a 30-year-old non-smoking female office worker can get $500,000 of life cover for as little as $18.42 per month. Premiums increase slightly with age; the same insurance can be found for a 40-year-old at $23.65 per month, or for a 50-year-old at $58.27 per month.
There are a few other tips that can help you find cheap life insurance:
The benefits of life insurance depend on where you’re at in life. What you need out of life cover at age 25 might look very different from what you need at age 55. It’s so important to review your life cover regularly to make sure continues to give you value for money.