Why do I need to buy insurance?
Frequently Asked Questions...
I'm not sure if I need insurance
You might not, if you don’t rely on your income to maintain your standard of living and pay bills and if you have no spouse or dependents, you might not need insurance. It’s probably worth speaking with a qualified advisor to go over your situation.
How often should I review my insurance?
Changing jobs, moving home, increasing debts or birth of a child are just a few reasons to review your cover.
I’ve had a major illness - am I uninsurable?
You should discuss the illness and insurance cover you are looking for with an advisor as they will be able to speak with an insurance underwriter on your behalf. You may have to settle for an accident only policy.
I’m self employed, how much income protection cover can I apply for?
You can insure up to 75% of your gross taxable income from your personal exertion, this can include any income paid to a spouse as income splitting.
I’ve had my policies for 5 years and the cost keeps going up every year.
It’s normally because you have a stepped premium that increases each year with your age. You need to ask your advisor to do a comparison with level premium as this could save you a fortune in the long term.
My life policy is inside super, how do i make sure my dependents get my life benefit?
You can make a non lapsing binding nomination that instructs the trustee who to pay the benefit too.
I have insurance policies with four different companies, is this wise?
There are a few potential issues that include, having to complete different claim forms if you have a claim, not getting larger sum insured discount and some companies offer a multi policy discount as well. A review will let you know what benefits could be possible.
I’m self employed and confused by my 30 day wait on my income protection policy?
There are a few potential issues that include, having to complete different claim forms if you have a claim, not getting larger sum insured discount and some companies offer a multi policy discount as well. A review will let you know what benefits could be possible.
How do I apply for insurance Cover?
It’s quick and easy to get an insurance quote, simply click here now to fill out our online application form and one of our advisors will call you shortly to finish the application process.