If you are aged less than 45 years, normally the insurance company will not require you to undergo any medical examinations or blood tests if you are planning to insure yourself for less than 2.5 million or the income protection that you are seeking is below $6,500 per month.
For people over the age of 45 medicals is usually a requirement even at reduced levels of cover.
Should you have a medical condition which you are required to disclose then the insurance company usually requests a medical report from your doctor, or you may be required to undergo some tests or a medical exam, which can be organised by the insurance company at no cost to you. A mobile nurse will come to your home or workplace when it is convenient for you.
Depending on the nature and status of your employment you may be required to provide a statement of Assets and Liabilities and provide copies of your recent tax returns.
Generally insurance companies offer monthly, half yearly, or annual payment options.
When submitting your application form you will need to stipulate a payment preference from one of the following:
Rate Detective helps to answer all common questions on your application over the phone when you applying for life insurance or income protection through us. Just call us on 1300 793 143 or fill out the form on this page.