Life Insurance Comparisons
A quality life insurance comparison can mean the difference between a costly and inadequate policy, or a comprehensive yet competitively priced one.
The final test is of course when you come to make a claim. A life insurance comparison conducted by a financial adviser can help ensure that at claim time, your benefit payment can adequately cover your debts and leave enough funds for your family to live on while they grieve.
Basically life insurance comparisons are conducted to:
- Save you money
- Maximize claim payments
- Offer comprehensive cover
What we compare
There are a number of things to consider when comparing policies. The comparisons conducted by our qualified and experienced advisers typically look at:
- Premiums – there are a number of factors which will contribute to your final premium such as your age, gender, smoking status, health status, stepped or level structure, level of debt and paying monthly or annually.
- Policy features – apart from the typical policy features, there may be bonus features such as multi policy discounts or double death benefits.
- Policy definitions – definitions of all policy features will vary between insurers, with some offering greater breadth and flexibility.
- Comprehensiveness of cover – we will analyse your situation and find a policy which offers adequate coverage. If you have a hazardous occupation or past-time, pre-existing condition or health concerns we have access to a pre-assessment service where we may be able to place your cover.
Quality comparisons
A quality life insurance comparison will not only look at your premium cost, but will also take into account your occupation, pre-existing medical conditions and budget to find a policy which is both competitive and comprehensive.
A comparison based solely on cost alone may leave you short funded at claim time, which is a time when your family will need the money most.
