The 9 insurance companies and saving of 40% is based on the highest priced product available on Rate Detective's panel versus the lowest priced product on that panel, as at 20/06/2016 and based on hypothetical 42 year old female non-smoker seeking $1m life insurance cover (premium level). Not all life insurance providers in the market are included in the comparison. The amount of any savings will depend on your circumstances.
This offer is available for all insurance companies that are on our panel. To take advantage of this offer, mention the offer to Rate Detective at the time you submit an enquiry for a quote. After 12 months we will email you a reminder that your rebate is due, so you can call to confirm your details. To be eligible for this offer, your policy needs to remain in force for the full 12 months. Any rebate to which you are entitled will be paid directly into your bank account or provided on a Gift Card.
If your policy is taken out through a Superfund, other than a SMSF, once we receive confirmation from that fund that it has rolled over the money to the insurance company you have selected, we will pay 20% of the rollover amount to your nominated bank account.
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Income Protection Insurance for Electricians
Being an electrician involves a lot of skill and risk—skill because not everyone knows how to install wires and outlets, and risky because it involves electricity, which can be potentially deadly.
You also have an option to work on your own as a self-employed individual or as a part of a company. Due to the risks involved in your work, your employer can help shoulder your expenses should you meet an accident at work. However, they couldn't pay for all your expenses while you're unable to work. There's even a big chance that you might lose your job.
Whether you are employed or a self-employed individual, it is important that you protect yourself with income protection insurance. Unlike public liability insurance, which protects you from expenses you might incur from property damage or personal injury you might cause, income protection insurance covers you from loss of income due to your inability to work.
Let's say for example that you had a non-work-related accident that is serious enough to keep you from going to work. Now where would you get the money to pay for your monthly expenses as well as the costs of your recovery? That is where income protection insurance comes in. When you lodge a claim, your insurer will provide you with monthly payouts of up to 75% of your salary. You could then use the money for your monthly expenses and your medical bills. This type of insurance is especially important if you're self-employed because don't have sick pay you can depend on unlike those working for businesses.
Keep in mind, however, that there are waiting periods before you can start receiving payouts. Insurers usually offer 30 and 90-day waiting periods. Because of that, it is also essential that you have a buffer in your savings to help you with your expenses while waiting for your benefit. Also remember that the shorter the waiting period, the more expensive your premiums will be. So try to weigh your options, and if you can afford it, choose a shorter waiting period because you will definitely need the money while you are unable to work.
Contact us on 1300 793 143 and we will organize you quotes from up to 9 Insurance companies in under 10 minutes. Our consultants will talk you through the process. Contact us today for more details!
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RATE DETECTIVE PTY LTD. AUSTRALIAN CREDIT LICENCE NO. 469009
The Rate Detective brand is operated by Spotter Finance Pty Ltd an authorised representatives (AR Number 1254369) of MYONLINEADVISERS PTY LTD ABN 85 159 942 828 Australian Financial Services Licensee 427484. Spotter Finance and its advisers are authorised to advise and deal in superannuation and life insurance products only.
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. Before acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Please note our advice does not include independent financial, legal and taxation advice prior to acquiring a product.
Not all providers of insurance, mortgages, and credit cards on the market are included in our comparisons. The amount of any savings will depend on your circumstances.
The financial products compared on this website do not necessarily compare all features that may be relevant to you. Comparisons are made on the basis of price only and different products may have different features and different levels of coverage.
Compare life insurance, home loans, income protection and credit cards to find a competitive rate for your situation by providing you prices for all products on our panel. There are hundreds of choices out there, and our guides and calculators can help you when you are searching for these products.
Rate Detective aims is to save its customers money, time and effort through its innovative rate comparison website designed specifically to cater the needs of the Australia market. Rate Detective is a one stop online shop that provides the necessary tools to help you find and compare home loans, personal insurance, credit cards and travel insurance. Rate detective is even able to help you find suitable electricity providers!
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