Why Combine Your Insurance Products

Today's insurance companies offer various types of insurance to help meet the increasingly specific needs of their customers. But did you know that you could combine different insurance products into one?

Also called bundling or packaging, combining your insurance products provides you with a number of advantages compared to availing of them individually. That is what this article is all about. Here are some compelling reasons why you should consider bundling them, starting with...

  1. To save more money. This works pretty much the same way when you bundle products from other companies. For example, some companies allow you to bundle your cable, phone, and internet services into one and provide you with a huge discount. With insurance, you'll also save by combining different insurance products than when you take out standalone products one by one. Of course, insurers do this to entice new customers, but you also greatly benefit from this because you get more coverage for a lot less money.
  2. To make your life easier. It can be a nightmare to keep track of your different insurance products, especially if you took each of them out from different insurance companies. When you bundle your products, all of them will be under one roof, making it easier to pay for your premiums, and see which ones may be up for an upgrade.

All in all, bundling helps save you time and money with your insurance. But which products can you combine exactly? It's actually up to you. What you need to do before bundling is find out what your needs are and the things that are important to you. This will then help you narrow down your search and see which products will meet your requirements.

For example, if you are your family's breadwinner and are currently paying for your mortgage, you could combine life insurance with income protection and mortgage protection insurance. All these products will help cover your family's needs in case you lose your job and have to pay for your mortgage, or in your eventual death.

Of course, it's also important that you take out insurance today. After all, there's no telling what could happen in the future. That's where Rate Detective comes in. Our qualified advisors are ready to help you find the perfect insurance policy for your and your family's needs. They will assess your finances, health, occupation, and other factors, and then provide you with rate comparisons of Australia's top insurance companies. That way, you will be able to find the perfect policy at premiums you can afford. Contact us today for more details!

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Published on June 6-th, 2013 in Insurance
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.
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