Insure Me Now is Australian owned and operated.
It offers two products: Superior Life Insurance Cover and SMSF Life Insurance Cover. It prides itself in being able to offer good-value products that are simple to understand and easy to apply for. You can apply for both online via the Insure Me Now website.
Hannover is the insurer behind Superior Life Insurance Cover. It’s a subsidiary of one of the biggest reinsurers in the world, Hannover Life Re. It’s been operating in Australia for more than sixty years and has a very strong financial rating.
Insure Me Now offers two types of life cover.
Let’s say you died suddenly or were to suffer from a terminal illness. This cover is there to help you relax in the knowledge that your loved ones will receive financial care.
You can choose from a range of covers which will pay out lump sums of between $100,000 and $1,500,000.
The maximum cover will depend on how old you are when you take out the policy.
Claimants can use the cash for anything from paying off a mortgage to covering medical expenses.
Insure Me Now will make TPD and/or Trauma payments that apply within your pre-agreed policy conditions.
This policy is available to Australian residents aged 18-64. Provided you keep paying your premiums you’ll get uninterrupted cover for your entire life.
To be eligible for Total and Permanent Disability and Trauma cover, you must be 59 or under. Cover will continue up to the policy anniversary following your 65th birthday.
The trustees of self-managed superannuation funds may want to consider this cover for members of their particular fund. The cover pays a lump sum benefit on the death or terminal illness of an insured member.
You can apply for a life insurance benefit that ranges from $100,000 up to $1,500,000. The amount will depend on the age of the insured member when the policy begins.
You’ll be able to apply for SMSF Life Insurance Cover if the insured member is a member of your self managed superannuation fund. They must also be an Australian Resident aged between 18 and 64 years.
You can apply for Optional TPD cover for the insured member provided they are aged 59 or less and, if accepted, cover can carry on up to age 65.
This cover is only appropriate for trustees of self-managed superannuation funds to consider for up to a total of 4 members. You should check the governing rules of your fund and if you are in any doubt, you should seek advice.
Hannover Re is the insurer behind Superior Life Insurance Cover.
Between 2018 and 2019, it accepted 82.5 percent of death cover claims made directly through an insurer. Average claim times were 1.7 months.
There were 7.9 disputes per 100,000 lives insured and a 14.6 percent policy cancellation rate.
Insure Me Now says it tries to make sure claiming is as stress-free as possible.
Claimants need to follow several simple steps.
They should first call Insure Me Now to advise the company of an impending claim. This allows the company to run through the claims process.
Claimants will then need to fill in the necessary claims form. They’ll also need to gather together important documents. These will include things like a death certificate, birth certificate and passport.