What determines the cost of an insurance policy?

There are a number of factors that determine the cost of an insurance policy. A cheap life insurance or income protection insurance policy doesn’t necessarily mean it’s an inferior one, and by the same token, the most expensive policy may not be the best to suit your needs.

Have you ever thought thought about how life insurance premiums are calculated? I look into the major factors companies look at when insuring someone. Remember- coverage amounts are flexible and things to consider include overall debt, living expenses, medical expenses and rehabilitation costs just to name a few when looking at what is best for you situation.

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Don't hesitate to contact us should you want a review of your existing arrangements or should you have any questions/queries regarding your options as your situation will not always be the same as everyone else when it comes to the above factors, so call us to have a confidential chat on (02)9188 1547 or email [email protected].