Life insurance is one of the most common types of individual insurance policies that Australians take out, and is an area that Cover Plus are able to find a policy which best suits your needs, current life style, and budget. Life Insurance protects the assets of a person, individual, or company in the event of a number of different types of events which affect the health and well being of the insured. The cover will depend on the type of insurance policy, but generally speaking there is always a financial benefit which is paid to help cover costs and losses as a result of the accident, injury or illness that befell the insured; this insurance helps to put in a safeguard to protect people. This can include elements such as death cover, total impairment insurance, income protection insurance, and lump-sum trauma,
Everyone needs life insurance, but the type of cover you get will depend upon your lifestyle, your income, and your profession. There are a number of different types that are out there and being able to figure out what is best for you is hard because of the number of options out there. A common mistake that people make is to only start taking out this type of insurance policy when they reach their 40’s or even older. But starting young is important -yes, it can cost money, but it is less expensive to pay while younger and keeping lower premiums than start older and costing too much because of expensive age-based premiums. As with all types of insurance, it is far better to have it and not need it, then need it and not have it.
Superannuation plans can often include imbibed life insurance plans. One will need to look into those benefits and what is covered and often what is not.
These plans are often controlled by a trustee that can add an extra step which can deny coverage based on this 3rd party. A superannuation based life insurance policy is a good insurance mechanism to have, but if you are unsure of employment or are moving jobs you need to make sure that this is maintained properly. As with any type of insurance policy you will need to look closely at the policy wording in the super fund to see what the exclusions are. This applies to any type of current insurance policies you may have because you may be surprised by what areas are not covered. Cover Plus specialises in being able to analyse policies that are tailored to your situation and making sure you can understand the legal jargon and truly appreciate the full range of your insurance coverage.
If you are looking for Brisbane Insurance and are interested in talking further about Life Insurance, than get in contact with Cover Plus today by calling Craig Shanley on 07 3368 2412 Or fill out the contact form below and we will be in touch within 24 hours.