How do we make money?
We don’t charge customers anything to use our comparison service. Instead, we receive a commission from the insurance brokers we partner with each time one of our customers takes out a new life insurance policy (Life Product) through our website. The commission we receive differs between brokers; more details about our fees can be found in our Financial Services Guide (Life Insurance Products).
We pride ourselves on the integrity of our comparison service, so it’s critically important to us that the way we make money doesn’t affect the comparison or presentation of products from our partnered insurers.
How does our comparison service work?
Choosing the right life insurance policy is important, but it’s often difficult and time consuming. Our comparison service aims to make the process easier and faster, giving our customers peace of mind that they’ve made the right decision. It does this by helping customers shop around for a better deal and highlighting certain product features they may be willing to forego to save money.
On our website, our customers can enter details about themselves, tell us what type of Life Product they want and then browse through the policies available to them.
When a customer purchases a Life Product, they can choose to contact or be contacted by our trusted life insurance partner Lifebroker Pty Ltd (Lifebroker) AFSL 400209, to complete the application. We are an authorised representative of Lifebroker in relation to products made available by Lifebroker.
The comparison service and any other information provided on our website is factual information or general advice. That means we don’t make personal recommendations, suggestions or give advice about the suitability of a particular insurance product for a customer’s specific needs. Rather, we encourage our customers to evaluate their needs, objectives and situation to decide which products are suitable for them, using our comparison service as a helpful tool. More information can be found in our Financial Services Guide (Life Insurance Products).
What brands and products do we compare?
We currently compare products from five life insurance brands:
There will be times when certain brands aren’t available or don’t return any quotes to a customer; for example, this can happen when they don’t meet the underwriting criteria or aren’t eligible for particular products.