Should you use an adviser when taking out a life insurance policy?


Hey I'm Maurice from finder and I'm here to talk to you today about why you should consider using a life insurance advisor When comparing policies you might be surprised when you're asked to fill in your details so you can speak to a so-called expert

Before you hit that exit button let me tell you why it's worthwhile to have a chat There's usually two ways to get cover: either directly with an insurer or through an advisor A good comparison site usually has both options So why would I use an advisor? Life insurance isn't exactly a one-size-fits-all product Having an advisor look at your circumstances can help them match a product better suited towards your needs

This way you can get what's important to you For example you might not want premiums that rise in the future An advisor can help clarify what you're actually covered for This can help come claim time so you avoid any nasty surprises In fact a 2016 report by ASIC found a 71% less chance of claim denial through policies bought with an advisor

Lastly if you have existing medical conditions, a dangerous job, or a dangerous hobby, you can disclose this with an advisor and in some cases you'll be covered If not you'll be notified upfront That's true, in many cases direct policies won't ask those tricky questions so they'll assume you have good health and you don't have a dangerous job or hobby This is a great option if you're confident in going through a policy yourself and deciding the cover is enough for you If you're looking for useful help because, let's face it, life insurance is not simple, then an advisor is a great move

So for more useful guides or videos on anything insurance just head over to finder

Source: Youtube


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AJ

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