What is Funeral Insurance?
Funeral Insurance (or Funeral Cover) is an insurance policy which is used to cover all the costs associated with ensuring that you have the funeral and associated items paid for, without burdening your family members.
Our insurance guides will help you navigate the insurance minefield. Rate Detective insurance guides are written by industry experts and provide factual information on all facets of insurance.
Funeral Insurance (or Funeral Cover) is an insurance policy which is used to cover all the costs associated with ensuring that you have the funeral and associated items paid for, without burdening your family members.
When you applying for life insurance usually you required to take a simple medical exam. If you don't wish to go through the inconvenience of medical tests or you want to get life insurance fast you can opt for a life insurance with no medical exam.
With Type 2 Diabetes on the rise, we're receiving an increasing number of diabetic clients requesting life insurance. As with all insurance premiums, the health of a client ultimately dictates the eligibility and final cost of a premium.
Mortgage Protection Insurance is a simplified life insurance product which is designed to pay off a fixed amount of money owing on a mortgage in the unfortunate event of a serious illness or death of the borrower.
Most people feel that an insurance advisor will persuade them into buying something that they don’t really understand or want, and maybe paying more for their life insurance than they need to.
The policy owner - The person whose name the policy is in and to whom the benefits will be paid. In the event of your passing the people designated in your policy will receive the payout or otherwise it will go to your estate.
Life insurance works by determining the health, lifestyle and the risk of the insured in order to determine the premium to pay for the insurance policy. Life insurance is paid every month in small amounts or as a lump sum.
When it comes to "mortgage insurance" there are usually 2 interpretations:
Trauma Cover Insurance pays a lump sum in the event of a diagnosis of incurable condition, e.g. cancer, stroke, heart attack, major head injuries.
There are 4 main types of Life Insurance however only term life insurance is widely available in Australia: