Life Insurance Information

Life insurance information can be difficult and confusing, especially if you don’t know where to begin. Below is an introduction into life insurance.

Why do I need insurance?

It doesn’t matter if you are the most careful or carefree person, you need insurance. Accidents, illnesses and injuries can happen to everyone.

You can eat right, exercise but you can still fall sick. Some of the healthiest people in the world fall victim to all types of diseases, including cancer.

You can avoid planes, trains and cars, sharp objects and dangerous activities, but you can still become injured. You could easily slip while stepping out of the shower, or fall on your way to the letterbox. You need to protect yourself.

Read more details about why to take out life insurance.

What types of insurance are available?

All the leading life insurance companies in Australia offer life insurance, plus extra types of personal risk protection.

You can choose from:

• Life Insurance
• Total & Permanent Disablement Insurance
• Trauma Insurance
• Income Protection Insurance

How do I know what’s right for me?

Use a life insurance broker like Lifebroker. An insurance consultant can talk you through the factors you need to consider when taking out insurance. They can help you decide what types of insurance you need, based on all the factors which make up your life & will eliminate the risks involved when going direct to the isurer.

Each individual is different but people typically consider such things as:

• If they have a partner
• Protection for their children
• The chances of suffering a critical illness
• Future education costs
• Mortgages
• Personal debts and more

How do I buy insurance?

If you apply through Lifebroker you have the option to speak over the phone with a friendly application specialist, who will run through the application, which will include some medical and occupational questions. Alternatively you can apply online by answering the same type of questions in your own time.

How much will my insurance cost?

Your insurance premium, or the cost of insurance is calculated uniquely for each person who applies. Rates are based on factors such as age, gender, smoking status and occupation.  Depending if you apply individually or as a couple, you may be eligible for discount.