Life Insurance Broker
No one likes to think about the eventual outcome of life, but the fact is that it’s a certainty for all of us. And just like any other major life event, such as buying a house or having a baby, you need to be prepared for it financially. That’s where life insurance comes in.
Life insurance is a type of policy that pays out a sum of money to your beneficiaries if you pass away while the policy is in effect. It can provide much-needed financial security for your loved ones in the event of your death and can be used to cover various expenses, such as final medical costs, funeral expenses, unpaid taxes, monthly bills and more.
Why Do You Need Life Insurance?
Life is unexpected. Anything can happen at any point. While having life insurance won’t stop these things from happening it can give you the peace of mind that your family would be looked after if you were to pass away. Life insurance is the security net that can allow you to live your life to the fullest.
Life insurance is possibly one of the most important assets you’ll own in your life, not just in terms of monetary value but also in what it means for your loved ones after you’re gone.
When it comes to life insurance, there are many different options you can choose from a range of insurers. However, it’s important to research different policies and make sure you’re getting the right features for your unique needs before committing to anything.
You should always compare quotes from different companies. This is where using a life insurance broker comes in handy. We can compare quotes from multiple insurers on your behalf and help you find a competitive policy fit for your needs.
We can also provide you with a quote for income protection, trauma insurance, TDP insurance, Keyman insurance & business insurance.
How To Compare Life Insurance?
When looking at different policies from insurers it’s our job to determine the factors that would suit your needs and ensure you and your family will receive the most from your policy. Some of the factors you’ll want to consider when comparing policies include the:
Type of life insurance policy
Ownership structure
Amount of Coverage
Price
Deductibles and premiums
Refundability
Company reputation
It’s also important to read the small print so you know exactly what you’re getting into. Make sure you understand how the policy works and what will happen to the money if you cancel or change your mind.
By taking the time to compare policies, we can ensure you’re getting a policy that suits your life insurance needs. for more info read about the 4 ways to buy and own life insurance
Life Insurance Ownership Structure
Most Australians are part of a superannuation fund which can provide you with benefits such as life insurance, income protection, and total & permanent disability insurance. While these insurance policies can be either taken out through your superannuation or privately outside of your super fund there can be benefits that you will need to weigh up.
The main difference between life insurance inside or outside of your superfund is how it is paid. When you opt into having your insurance through your designated superannuation fund your premium is paid from your super account balance. Where if you choose to have your life insurance policy outside of super you will have to pay that premium with your household budget.
The difference here could have effects on your super balance and is something that needs to be assessed on a case-by-case basis. Our team here at the Insurance Quoter can help you go through both options to determine which would work best for you in the long run.
Inside or Outside of Super
Life insurance is commonly an option provided in your superannuation fund. However you may choose to take out life insurance outside of your super to take advantage of more benefits.
Term Life Insurance
Term life insurance is the option that you can choose to take outside of your superannuation funds insurance. It is paid out if a person passes away in a certain period, or “term”. It provides a guaranteed payment of a death benefit once you’re no longer here.
Accident Life Insurance
Accident life insurance is a type of policy that provides coverage in the event of an accident. This type of policy is especially important for people who are at a higher risk of being in an accident, such as those who work in dangerous professions or spend a lot of time on the road.
Accident life insurance can provide peace of mind in the event of an accident, It’s important to note that this type of policy does not cover death or illness for other reasons, only accidental deaths.
Using A Life Insurance Broker in Australia
When it comes to life insurance, using a broker is often a good way to go. Brokers are experts when it comes to comparing policies from different insurers, and can help you find the policy that suits your needs.
In order to assess your needs, you’ll be required to go through some general medical questions with our financial advisors as well as a few simple lifestyle questions which help us to understand which policies will suit your individual needs.
The Insurance quoter compares quotes from multiple insurers and helps you find the policy that’s right for you. Our experienced team can also answer any questions you have about life insurance and can help you through any of your other insurance needs.
Give our team a call today or get in touch for your Free quote today!