As a smoker, you will pay more for life insurance than a non-smoker, sometimes as much as double or even triple the premium price. Because you smoke you could develop a critical illness, for example, heart disease, cancer and stroke. These illnesses put you at a higher risk to the insurance company for potentially lodging a claim, thus your premiums will be more expensive to account for this risk.
BT Life Insurance is one of the larger, well-known insurance companies in Australia. They offer a range of flexible products and services, including term life insurance, total and permanent disablement cover, living insurance (trauma cover) and income protection insurance.
If you’re looking for the best way to erase concerns about your family’s financial future, then comparing life insurance policies is a great place to start.
Whether you’re comparing life insurance companies for the first time or you regularly review your policy to ensure the coverage is still appropriate to your lifestyle, we can help you determine which company can be trusted to provide you with value for money.
CommInsure was launched by the Commonwealth Bank Group (CBA) in 2002. They have since become one of the largest life insurers in Australia, providing income protection and life insurance products to over 4 million customers.
Whole Life Insurance is no longer available in Australia. Whole of life insurance was regarded as Australia’s number-one investment choice until 1991, before Superannuation Funds changed the focus from saving for your death (Whole Life) to save for your retirement (Term Life). Term Life replaced this policy type due to all the problems with whole life insurance.
Many Australian life insurance companies do cover suicide after a specific exclusion period. However, it is important to refer to your product disclosure statement (PDS) to make sure you understand the terms and conditions surrounding cause of death and what constitutes a valid claim should you ever need to make a claim related to a death by suicide.
What is selling your term life insurance policy all about? Retirees in Australia used to have the option of selling their term life insurance policy for a percentage of the original value of the policy. In the past, select companies once paid up to 15 per cent of the value of the term life insurance policy. Once sold, these companies owned the term life…
While persistent snoring may drive your partner crazy, that’s not why insurers tread cautiously when someone who applies for life insurance shows signs of suffering from obstructive sleep apnea – a potentially deadly sleeping and breathing disorder.
