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What You Need to Know When Buying Life Insurance Directly

If you’re looking for a new life insurance policy, or perhaps just some additional coverage, you may be tempted to purchase a policy directly from one of the life insurance companies so frequently advertised on television and online.
Fact Checked

Updated: 19 May 2024

However, if you’re set to buy a policy without the support of a broker, you might want first to compare a few quotes online or at least have a quick read of our guide below, which includes findings of ASIC’s 587 report regarding the sale of direct life insurance products in Australia.

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What is direct insurance?

Direct term life insurance generally refers to policies you buy directly from the insurer, either online, via a bank or over the phone, without personal advice and outside your super fund. It’s up to you to search for and gather information about the insurer and their products. You complete the buying process at your own time without any advice or guidance from an insurance broker.