Affordable Life Insurance

In life we cannot predict what is around the corner. We do whatever we can to mitigate risk, but accidents and illness can still occur, usually taking us by surprise. While you can never safeguard your life completely, it is possible to plan for those left behind should you pass away unexpectedly - and it may not cost as much as you think. Here at Rate Detective affordable life insurance is just a phone call away.

And how can I find more affordable life insurance? Well, first make sure you take the time to go through all those pesky medical questions - if you are reasonably fit and healthy this will reduce your insurance premiums. Yes, it is possible to be insured without providing this medical information but, direct insurance providers (who do not medically assess applications), generally charge more per policy as, on average, they are insuring more unhealthy clients. Don’t let yourself be lumped in with the rest.

The benefits of this medical assessment is not limited to the price of your premiums. Medically underwritten policies are also more likely to pay-out come claim time. Some direct insurer polices have built in exclusions, especially in the case of pre-existing conditions, and this can have an impact when you make a claim.

Remember, life insurance is for your peace-of-mind, to know that your loved ones will be provided for in the unfortunate event of your death, and we obviously want the best policy to ensure the ongoing comfort of our family. However, the good news is that, when picking an insurance policy, more expensive does not necessarily mean better. Some policies are extremely comprehensive, but think - do I really need all the features that are being offered to me? Taking the time to tailor a policy to the needs of your family will result in more affordable life insurance premiums.

Whether you are relishing in retirement, or young and still planning a family, life insurance is the security of knowing that your loved ones will be taken care of when you die. Everybody’s situation is unique, and not all life insurance policies are created equal, so it pays to shop around.

At Rate Detective we compare offers from 12 different insurance companies. All the companies on our panel perform medical assessments prior to application, thus ensuring that you do not pay more than necessary for your life insurance.

At Rate Detective our qualified consultants are always available to help you find an affordable life insurance policy that is right for you. Don’t put it off any longer, pick up the phone and have a chat to us today.

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Published on April 4-th, 2015 in Life 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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Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

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