Why your neighbour is getting a better insurance deal

- and what you can do about it!

Not all insurance policies are created equal – and when it comes to what you’ll pay for your policy, the final figure can vary dramatically based on your gender, age and lifestyle choices. Find out if you are getting the best deal.

Put simply, men pay more than women, older people pay more than younger people, and smokers pay more than non-smokers for the same insurance deal. Other factors which could see your policy price soar include high-risk occupations, health conditions and even single-parent families.

So when you consider the fact that the exact same insurance policy can cost up to 40 percent more from one insurance provider to another, it begs the question –

?

Regardless of your circumstances, it’s crucial to compare your policy to ensure you’re getting the best deal.

Take this example:

$1 million life insurance for a 55-year-old male, who is a non-smoker and works in an office in Victoria could pay as much as:

 

> Cheapest option: $ 270.51 per month

> Most expensive: 327.08 per month

The same insurance costs less for women, but differences are significant here too:

 

> Cheapest option: $ 187.63 per month

> Most expensive: $ 224.84 per month

$1 million life insurance for a 55-year-old male, who is a non-smoker and works in an office in Victoria could pay as much as:

 

> Cheapest option: $ 270.51 per month

> Most expensive: $ 327.08 per month

 

That’s a saving of almost $700 a year, made simply by comparing and

switching policies.

!

The same insurance costs less for women, but differences are significant here too:

 

> Cheapest option: $ 187.63 per month

> Most expensive: $ 224.84 per month

Example Quote

Monthly premiums compared

Could your policy be costing you hundreds, or even thousands extra each year?

Be smart. Compare your insurance & save.

And, for a limited time only, we offer 20% of your first-year premiums back on any life insurance purchased.

Are you paying too much? 

Let us look after you

Request free expert advice

and save immediately.

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Insurance tips powered by Clear Choice Financial.

 

At Clear Choice Financial we believe in empowering clients with everything they need to know in order to make the right decision when purchasing life insurance and mortgage products. If you have any questions reach out and call 1300 599 512.

Clear Choice Financial Pty. Ltd. ABN no. 97 611 535 669 and its advisers operate as authorised representative of NEO Financial Solutions Pty. Ltd. ABN 64 141 607 098 Australian Financial Services LICENSE 385845. Clear Choice Financial are authorised through Neo to advise and deal in Life Insurance products only, including Term life, Total and Permanent Disability, Income Protection and Trauma Insurance.

 

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 if the product is appropriate for you in regards to your own objectives, financial situation or needs 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. Prior to acquiring a financial product, you should obtain the Product Disclosure Statement relating to the product. The product Disclosure Statement contains the terms and conditions of the relevant financial product. You should consider the information within the Product Disclosure Statement prior to the purchase of a financial product.

 

Product Disclosure Statements are available HERE.

 

Not all providers of insurance 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, Income Protection, Total and Permanent Disability and Trauma to find a competitive rate for your situation by providing you prices for all products on our panel. Clear Choice Financial Pty. Ltd. aims to save its customers money, time and effort through its innovative rate comparison website designed specifically to cater the needs of the Australian market. Do an online comparison today or if you would like to call us, we have trained professionals ready to help you with your enquiry.

 

Other Business Disclamer:  The products/services offered by our General Insurance referral partners are not authorised by NEO Financial Solutions Pty Ltd and NEO Financial Solutions Pty Ltd is not responsible for the advice/services provided by our General Insurance referral partners

 

 

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