Life Insurance Quotes In Australia
Life insurance is great for individuals who have a family, children or dependents and earn the most income to support their family. The future is unpredictable and it is important to ensure your family and loved ones are taken care of financially in case anything happens to you.
When shopping for cover in Australia, searching online and using the internet's resources are a great way to educate yourself on the basics, shop and compare quotes for the best policy for you. The main type of cover in Australia is term life.
Life insurance quotes for young & healthy people
This type of cover may be low cost and great for young healthy individuals who want to ensure their dependents are taken care of in the event of death. Your policy will cover a pre-determined "term", and in Australia this is usually up to the age of 99 years - but 5, 10, and 15 year policies are also available. Your premium payment and death benefits are only applicable during the select number of years.
Life insurance quotes for people with family
This type of cover is also great for those individuals who want to protect their family in the event of their death. This type of cover is often referred to as "pure insurance protection" because there is no cash value. This type of cover also expires at a certain time after either a set number of years or when you reach a certain age.
A medical exam may be required when you are buying cover. Most exams cover height, weight and medical history. Sometimes test results can hinder your ability to get approved or it could potentially increase your rates, but if you are healthy you should be fine.
Bundling your life insurance with income protection or trauma insurance
You may like to consider bundling your policy with income protection or trauma cover. If you purchase multiple types of cver from the same insurer, your premiums may be reduced.
Life insurance quotes in Australia
If you need advice on where to purchase cover from, speak to your financial adviser. Your financial adviser may be able to help compare hundreds of policies and options, and help you select the best one which suits your particular situation without compromising on quality.
by: Grant MainAbout the Author:xLife.com.au operates Australia-wide providing a free life insurance comparison service allowing you to compare the most competitive life insurance quotes possible for term life insurance.