Do you provide advice on the amount of cover I should have?
The nature of our service is not to provide you with full advice as to the type and amount of cover you should establish. Our advice is limited to providing the best options for the cover amounts, and types that you ask for. If you are seeking advice as to your level of covers require our service may not suit you. Please see the Our Service page for full information on the basis of our advice.

What Companies do you deal with?
A full list of companies is available here.

Am I locked into the cover for a certain period?
No. The policy that you establish can be cancelled at any time without any penalties.

Can the Policy be Cancelled?
Yes but only by the person that is insured. The life insurance company cannot cancel the policy due to a change in your health.

Am I covered whilst traveling overseas?
Yes, all of our insurance products provide cover 24 hours a day, wherever you are in the world.

How do the different policies you have quoted compare?
We aim to provide clients with as much choice as possible and show the premiums of various companies for various levels of cover. With term life insurance is it purely cost base, as all companies will pay when you die. Trauma and Income Protection policies may vary slightly between companies, but these variations will only be very slight. We can provide specific comparisons if you wish.

Does the policy have a cash value?
The majority of quotes we provide are for term life cover; this is where the policy has no cash value. Whole of Life policies do have a cash value but the premiums are far higher than for term life insurance.

How do I pay my premiums?
Most companies offer the choice of 3 methods of payment;

• Cheque or money orders
• Credit card
• Direct debit authority from your bank account

Do I need to have a medical examination before taking out a policy?
You may need to have a medical examination or blood tests before taking out a policy, but this will depend on how much and which cover you choose, and a range of factors such as age, smoking status, and health. The life company will pay for any medical requirements.

Are there any tax implications?
Income protection premiums are fully tax deductible.

If a Term Life policy is not written through a superannuation fund, the premiums are not tax deductible and any proceeds recovered are not considered to be assessable income. If a Term Life policy is written through a superannuation fund, the premiums are tax deductible to the fund. Taxation of death benefits depends on whether the benefits are paid to a dependent, non-dependent or to the Trustee of the deceased's estate.

As everyone's circumstances are different, we recommend you seek taxation advice from an independent tax adviser.

What's the difference between stepped and level premiums?
Stepped premiums increase each year as you get older; the amount they increase each year will depend on age.

• From age 20-30 little if any increase each year
• From age 30-40 average 6% increase each year
• From age 40-50 average 8% increase each year
• From age 50-60 average 11% increase each year
• Above age 60 average 15% increase each year

Please note that this is a guide only in regard to annual increase and actual increases can vary depending upon a range of factors.

This means that as you get older the insurance premiums can get quite high, but there is one way of avoiding this, level premiums. Level premiums are where the premium will remain constant up to age 65 so long as the cover remains constant. Level premiums may be higher now, but over the long term they are significantly cheaper. Where appropriate we will always provide quotes on stepped and level premiums.