Life Insurance Australia
Let us find the best life insurance cover for you!
We compare over 12 Australian Life Insurance companies prices and quotes to find you the best price on Life Insurance cover. We make sure we get you as many “extras” as possible. We are Life Insurance Australia experts and we can tailor a life insurance product to suit your needs. Use the form up the top to get a life insurance quotes and make an enquiry with our expert team.
How to Choose the Best Life Insurance Policy
Australian Insurance Providers have a wide variety of life insurance products, each of which comes with a number of options, terms, and conditions. Generally speaking, the more thorough your coverage is, the more expensive the policy. It’s imperative that you have a fair idea of the type and scope of protection you really want, and that you carefully check the small print on the policies you are thinking about buying. It’s a good idea to invest some time in shopping for the right insurance product, and to use a Life Insurance Comparison site like LifeInsurance.net.au.
How much life insurance coverage should I have?
Despite what some life insurance companies may tell you, there is no ‘one size fits all’ life insurance policy. The coverage you’ll need depends entirely on your own personal life circumstances. For example, do you have children? A mortgage or other personal debt? A number of dependants who you provide for? As a very general rule, insurance advisers tend to recommend that your life insurance policy should have a payout that’s at least ten times your yearly earnings.
How much is a Life Insurance Policy going to cost me?
The premium – that is, the amount you’ll have to pay for your policy, changes from individual to individual based on several factors. Life insurance companies will typically set their premiums based (in part) on the following factors:
- -Smoking status
In determining your premium, a life insurance company may also ask for a medical assessment which is usually done at the expense of the insurance company. While it may be tempting to try to find a life insurance cover that skips this step, companies that don’t ask many questions and sell life insurance without a medical assessment tend to have higher life insurance premiums to compensate for the extra risk and uncertainty.
Don’t Forget Your Policy!
A solid Life Insurance policy is an important part of a strong and healthy financial plan. Purchasing a policy ensures not only financial security for your family in the event of an unexpected tragedy, but may also provide a sense of freedom and a clear conscience, safe in the knowledge that your family will be well cared for should anything happen to you.
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