There are several reasons why you should have life insurance, but the most important is if you have children, a non working spouse, have elderly parents and still have a mortgage to pay, should you die leaving no one to meet their needs.
Your survivor may need a financial back up to pay off unpaid bills, debt, funeral cost, children’s education and day to day living expenses.
2 How much do I need to insure myself for?
As your Insurance Advisor, we can help you prepare a list of expenses that need to be covered in the event of your death or sickness, including funeral costs, debts, unpaid bills, daily expenses, children’s education, mortgage payments etc. Based on the information provided by you, we will then be able to assist you to cover your needs. Remember that the insured amounts do change from time to time with your situation, so keep us up to date about any changes in your life and we will review your policy frequently to make sure you are covered adequately.
3 What Companies do you deal with?
A full list of companies we deal with is available. Click here
4 Do I need to go for a Medical Examination when I apply for life insurance?
Not in every case. Occasionally insurance companies will ask you to go for a medical examination, generally based on your age, medical history, smoking status and current health.
5 Why is my wife’s premium lower than mine?
It is true that in most cases women pay less than a man and this is purely based on the statistic that women live longer than men. The possibility of paying a death claim for women is less than men. This is why women pay lower premiums.
6 How do I pay my premium?
Direct Debit Authority
Cheque
Direct Bank credit
Internet Banking
Automatic Payment
7 I already have a life cover under a group policy that my work provides for employees. Isn’t that sufficient?
Not always. This is where you want us to prepare a list of your income, expenses and debts and advise you if the cover you have in place is sufficient. Many employer group policies end when you leave the company and then you would need to organise new cover. The danger is if you have already developed a medical condition in this period, you may not get new cover on standard terms from a new insurance provider. Consult us and we will advise you.
8 I have been turned down by an insurance company due to my medical history.
Talk to us about it and we can provide a minimum of $50,000 worth of life cover.
9 How can I reduce my premium?
You can reduce your premium by choosing a higher excess.
You can choose to pay annually and you get 5% discounts on premium.
You can combine policies and save.
10 How do I make a claim?
To make claim you need to request a claim form which would need to be completed by the policy owners for pre approval before treatment. Call us and we will assist you with the claims process.
