Life Insurance Quotes
Comparing life insurance quotes is a great idea when looking for new cover, or simply checking to see how competitive your existing cover is.
There are various ways to obtain life insurance quotes, and thanks to the internet there are now more options than ever in terms of finding and comparing cover.
The best way to obtain quotes on your insurance cover will really depend on your own preferences. Below we have listed some of the more common methods that Australians use when pricing their life insurance.
Online Life Insurance Quotes
The internet has made obtaining life insurance quotes much easier. You can simply type ‘life insurance’ into Google and you will be greeted with a selection of websites offering quotes.
When obtaining quotes online you will need to know how much cover you require, as generally the website will not be able to tell you how much cover you should have.
Websites offering life insurance quotes can differ in how they work. Some sites will offer quotes directly from the website, some will email the quotes to you, and some offer a service where a qualified financial adviser will contact you with the quotes.
Life Insurance Comparison Websites
As well as websites which offer basic life insurance quotes, there are a number of websites that now offer comparisons of different life insurance companies and their premiums.
There services generally require that you enter basic information such as your age, occupation and smoking status, as well as the amount of cover you require. Their system will then compare the different covers available and provide you with a list of quotes.
Something to look out for with this type of service is whether or not the website provides comparisons for all life insurance companies. There are some services which claim to compare all of the leading insurers, but may leave out one or more insurers for certain reasons.
When using a life insurance comparison website you should take a good look at the results to see if there are any insurance companies missing. This can be tricky, but as you research your life insurance you will start to recognise which companies to look out for.
Using a Financial Adviser
Traditionally a financial adviser was the first person people would go to when looking for life insurance quotes.
Financial advisers are still a great source of information on life insurance, however there is generally the added hassle of having to find a time to meet with the adviser. Some people also do not like the sales element that some advisers have become known for.
There are an increasing number of financial advisers in Australia who can now deal with their clients via phone and email, which makes them much more convenient. Another benefit of using an adviser is that they can recommend a particular policy to you based on their knowledge and experience.
Going Direct
Contacting insurance companies directly is another way of obtaining life insurance quotes, however it can be a very time consuming process given the number of companies offering life cover in Australia.
Quotes can generally be obtained directly from the insurers using the phone or internet.
What is the best method?
Using an online service is generally the most convenient method of obtaining life insurance quotes, however it is good to use a website that links you to a qualified professional who will be there to guide you through the insurance process via phone or email.
