Life Insurance Broker
Why Choose Us as Your Trusted Life Insurance Broker
Life Insurance Broker
Why Choose Us as Your Trusted Life Insurance Broker
What is a Life Insurance Broker?
A life insurance broker is a professional who guides clients through the process of buying life insurance.
Why should I use a Life Insurance Broker?
Choosing to use a life insurance broker comes with a multitude of advantages that can make your life insurance journey significantly easier and more efficient.
Expertise
A Life Insurance Broker has a deep understanding of the complexities of life insurance policies and can guide you through the process of choosing the right one. A Life Insurance Broker can explain the terms and conditions in simple language, helping you make informed decisions.
Service
Unlike impersonal online platforms, a Life Insurance Broker takes the time to understand your unique circumstances, needs, and goals. They work closely with you to identify the best life insurance policies that align with your lifestyle and financial situation
Advocacy
A Life Insurance Broker serves as your personal advocate, representing your interests to insurance companies. They negotiate on your behalf, ensuring you receive the most favourable terms and conditions. Their expertise and dedication can make the difference between a frustrating experience and a smooth, successful insurance process.
What are the Benefits of Using a Life Insurance Broker?
Organising Life insurance can be a daunting task. This is where the benefits of using a life insurance broker come into play.
A Life Insurance Broker has relationships with numerous insurers. This means they can present you with a variety of policies that you might not have discovered on your own. They can compare these options, highlighting the pros and cons of each, and help you understand the differences.
Life Insurance Brokers have extensive knowledge of the insurance market and can leverage their relationships with multiple insurance companies to negotiate competitive premiums on your behalf.
There are numerous policies to compare, terms and conditions to understand, and applications to complete. A Life Insurance broker takes on these tasks for you. They do the research, handle the paperwork, and liaise with the insurance companies. This frees up your time to focus on other important aspects of your life.
OUR PROCESS
Get a Life Insurance quote in just 3 easy steps
We’re specialists in navigating life insurance. With our profound knowledge and extensive experience in the life insurance industry, we’re dedicated to providing life insurance solutions that are perfectly tailored to safeguard your family’s future from unforeseen circumstances.
We take pride in our approach that includes understanding your unique requirements, exploring the best policy options available in the market, and customising policies to provide the most comprehensive coverage at competitive premiums.
As an experience Life Insurance Broker, we’re equipped to offer you life insurance policies that are transparent and easy to comprehend, outlining what is included and what isn’t. The life insurance protection we suggest will be a policy that is optimally designed to secure your specific needs.
A Life Insurance Broker is compensated through commissions from the insurance companies. This means that you do not have to pay any upfront fees. Instead, a Life Insurance Broker earns a percentage of the premium paid by yourselff to the insurance company.
Life insurance brokers provide various insurance products, including life insurance, Total and Permanent Disability (TPD) insurance, income protection insurance, and trauma insurance. These products offer financial security by providing lump sum payments or income replacement in the event of death, permanent disability, inability to work due to illness or injury, or diagnosis of a critical illness.
Absolutely, you can make changes to your life insurance policy after purchasing it. If you’re considering making changes, it’s best to discuss your options with your Life Insurance Broker to ensure that your policy continues to meet your needs and goals.
A life insurance broker assists in lodging a life insurance claim by guiding you through the process, helping you gather necessary documents, and ensuring that all forms are completed accurately. They act as an intermediary between you and the insurance company, providing support to make the process as smooth as possible.
A life insurance broker can help you determine the right amount of coverage by evaluating your financial situation, family needs, and long-term goals. They’ll consider factors like income, debts, and future expenses. With their expertise, a life insurance broker can provide guidance on selecting a coverage amount that aligns with your specific needs and provides peace of mind.
The short answer is no, life insurance is not compulsory with superannuation. While life insurance is often included by default, you have the option to opt out or adjust your coverage. If you don’t want the insurance, you can cancel it at any time.
Yes, you can transfer your life insurance from one superannuation fund to another with the help of a life insurance broker. The process involves reviewing your current policy, comparing it with new options, applying for the new insurance, and then transferring your coverage to the new fund. A broker can assist with each step, ensuring there are no gaps in coverage and that you get the best possible terms for your needs.
As insurance brokers, we often explain to our clients that key person insurance is a specialised form of life insurance tailored to meet the unique needs of a business. Unlike traditional life insurance, which is primarily designed to provide financial support to the insured person’s family or other beneficiaries upon their death, key person insurance focuses on safeguarding the business itself.
In this scenario, the company takes on the role of the policy owner, pays the premiums, and is designated as the beneficiary. This means that if the key person, whose expertise and contributions are vital to the business, were to pass away, the company would receive the death benefit. This payout can be crucial for the business, as it can be used to cover a range of expenses such as hiring a suitable replacement, paying off outstanding debts, or ensuring the continuity of operations during a challenging transition period.
By securing key person insurance, businesses can mitigate the financial risks associated with the loss of a key individual, thereby protecting their long-term stability and success.
Choosing a good life insurance broker can seem like a big task, but the brokers at Morgan Insurance Advisors take the guess work out of the equation.
Don’t just take our advice though check our online reviews and ratings.
Our Life Insurance Broker team have extensive experience in the life insurance industry and understand different policies and insurers to ensure you get the best result.
No, Morgan Insurance Advisors does not charge a fee for service. When a life insurance broker helps you find and purchase a policy, they receive a commission from the insurance company. This commission is usually a percentage of the premium you pay for the policy. The commission structure can vary, but it often includes an initial commission for the first year and smaller renewal commissions for subsequent years as long as the policy remains active.
Yes, a Life Insurance Broker can assist with your life insurance if you have pre-existing conditions. Morgan Insurance Advisor’s should be your first choice if you have pre-existing injuries or illnesses that you would like cover for.
