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