When you shop around for life insurance on the internet, you'll find many sites that offer you quick insurance quotes. All you need to do is enter a few details about yourself (such your age, income, and whether or not you smoke), and then you'll receive quotes instantly. This process is of course great and convenient, because you no longer need to crunch the numbers just to get a figure on how much insurance you need.
However, we recommend that you read this article first before deciding on the amount of cover you need. Hopefully, this will help you prevent being over or under-insured, so you can both save money and secure your future in the process. Ready? Let's get started...
- Quotes are just estimates. There are people who think that the figures that they receive from insurance calculators are the exact amount of cover they need. However, the truth is that these are just estimates based on the information you provided. What's more is that the accuracy of the estimate depends on the type of calculator you're using. If you use Rate Detective's simple calculator for example, the results would be less accurate than the other, more detailed one that we provide. But either way, the figures are just estimates. Now how do you get more accurate quotes? Head on to the next item.
- You need to talk to an advisor. When you use our life insurance calculator, you'll receive an option to talk to our qualified advisors along with the estimate. But why do you need to talk to one? The reason for this is that an advisor will ask you further questions that will help them provide you with a more accurate quote. What's more is that they can provide you with rate comparisons of several insurers at once, making the process even faster and more convenient for you. And finally, they could also apply for a policy on your behalf, so you can choose a policy and be covered right away.
All in all, insurance calculators are great for giving you a rough idea of the amount of cover you need. You still need to talk to a qualified advisor to help you decide which policy is right for you. So if you're shopping for a life insurance policy, talk to the advisors at Rate Detective today. They will also provide you with rate comparisons of Australia's top insurers, and even help you buy a policy for added convenience. Contact us today for more information!