Don't Forget To Review Your Life Insurance

It is imperative that you review your life insurance policy at least once a year. In most cases your personal situation could have changed, and your needs, goals and objectives could also have altered.

How your situation changed?

What you should do is reflect on how your personal situation has changed over the last 12 months:

  • Have you changed your job?
  • Have you had a salary increase?
  • Have you got married, engaged or started a new relationship?
  • Have you had children?
  • Have any of your children turned 18?
  • Have any of your children started high school or university?
  • Has your health changed?
  • Have you taken on more debt?
  • Have you reduced your debt?

If you have answered yes to any of the above then you need to review your current life insurance arrangements.

If you ever need to make a claim, then you need your life insurance to meet expectations. Research has shown that many people do not fully understand the insurance that they have within their superannuation, and some people are significantly underinsured. It is no good presuming that life insurance you took out a number of years ago is still suitable to your needs.

Free Life Insurance Review

The best way to ensure that you are correctly covered to suit your requirements is to seek the advice of an insurance professional.

We here at Rate Detective offer a free yearly life insurance review service, and we will endeavour to make sure that you have the most adequate cover to suit your needs at the most competitive price. Please call us on 1300 793 143 or fill out the form on this page to receive a free quote from all major insurance companies at once.

Get your quotes now

What to find out more? Enquire now

Published on March 3-rd, 2010 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.

More on this topic

Enquire about Life Insurance

Important Information

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.

Related Topics