Applying for life insurance is a huge step forward in looking out for your family’s future. But the application process itself can be time-consuming, but we’re here to help you with it!
Traditionally, you have two options. You can go direct and buy through the insurer, or you can seek out a licensed life insurance adviser or financial planner to put something together for you.
Applying for life insurance through an adviser
The first, more traditional method of buying life insurance is to do so through a financial planner, or a licensed expert. They will conduct a needs analysis, meaning they’ll tailor this product to your circumstances and risk profile.
Applying for life insurance directly
Getting life insurance directly from an insurer or a financial institution can be as simple as:
- Going online,
- Choosing a product,
- Sending off your banking details
…and that’s about it! However, the onus is on you to check the exclusions and restrictions, and ensure the policy is suitable for you and your objectives.
Why buy life insurance through comparethemarket.com.au?
We go out of our way to make the process of getting life insurance as straightforward as possible. When you use our website, you’ll need to enter some information about yourself to get a list of products to peruse.
Once you find a product on our website that you’re happy with, you’ll jump on the phone to speak to a consultant from one of our partners, Lifebroker or Ozicare. They’ll gather more information from you to ensure your policy is properly underwritten. This means you may have to supply additional information about yourself (e.g. medical records).
The information provided here is general only and does not consider your personal objectives, financial situation or needs. Before you decide to purchase a product, it is important to read the relevant PDS.