Seven secrets  

which could shave thousands off your insurance premium 

this insider advice can help you save big

 Your exclusive guide to

Affordable Life Insurance 

If you’re looking for the best insider advice to help you avoid rising insurance premiums, look no further. Drawing on our expert industry knowledge, here we reveal the tips and tricks that could help you shave thousands of dollars off your insurance policy. Simply read on to start saving! 


Compare your policy

to ensure it remains



You’ve undoubtedly heard it before, but when it comes to insurance, it really does pay to compare. In fact, the exact same insurance policy has been shown to differ in price by up to 40 per cent from one insurer to the next.


So how can you be certain you’re getting the best price on your policy? Do your research – compare your policy against other insurers in the market to get the best deal.

Level and Stepped premiums make your policy work harder for you

Like health insurance, many people assume that life insurance premiums increase each year as a matter of course. But that’s not necessarily the case.

Choosing to pay a level premium is a little-known option that could save you a lot in the long run. Level premiums do not increase with age until you reach 65 or 70. The premiums do start at a slightly higher rate, but the cumulative savings over the years will undoubtedly outweigh the short-term savings you may make with a stepped premium policy.​

2018 industry reforms

Get ahead of them!

Government reforms are set to hit the insurance industry hard in 2018, changing the way commissions are paid and giving more power to the bigger players in the market.

Even though upfront commissions are set to drop and ongoing commissions will rise, no insurance company has given any indication that they will reduce premiums as a result. In fact, at least five insurers have already increased their premiums since November 2016.

Take advantage of

medical underwriting


Did you know you can pay for your insurance through your super?

If you have an industry or self-managed super fund (SMSF), it’s possible to pay your insurance premiums through your super. Not only will you benefit from the tax offset, this option also allows premiums to be paid from your non-disposable income, leaving more in your pocket.

Beware of

fortnightly premiums

The number of fortnights in a year is easily – and often – miscalculated. Two fortnights in a month and therefore 24 fortnights in a year, right? Wrong.

Of course, there are 26 fortnights in a year – leaving two extra fortnights which many people don’t budget for. Be sure to take this into account when planning your payments, and think about whether you’d be better off choosing to pay monthly or yearly.



Take advantage of medical underwriting


Not many people know of the advantages of medical underwriting, particularly when it comes to claim time and ensuring you've got the highest chance of an insurance payout. Once the medical underwriter accepts your policy, your medical history won’t be questioned come claim time – giving you the highest chance of a maximum payout, on time and with no fuss.


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Why TV insurance ads
might seem easy
but could cost you more.

TV advertisements selling life insurance are an all-too-familiar sight these days, and while they might make the process of buying life insurance simple, it’s easy to overlook the fine print. When purchasing insurance direct from TV, you’ll generally pay a higher premium, and one that is likely to increase every year.



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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