Top 10 Tips for Saving Money on Accidental Death Insurance
Top Tips for getting Accidental Death Insurance!
- Due to the fact that you aren’t required to sit underwriting when applying for Accident Insurance a lot of providers will give you the option of applying online.
- Be mindful if you are looking for Life Insurance and are declined by a provider you maybe offered an accidental policy as a backup.
- As always make sure you contact several Accidental Death Insurance providers to obtain as many quotes as possible. Like shopping around for anything make competitors compete for your business.
- This is definitely a product to shop around with – many financial institutions direct market this insurance through mail or email promotions. Check top see they are actually underwriting the product themselves. If not they may be taking a commission on top of the standard fee and you may be able to get the product cheaper by going direct to the underwriter.
- Always ask a lot of questions – you need to understand exactly what details each Accidental Death Insurance policy covers and the conditions of each policy such as cut off ages, when the premiums increase etc
- Ask about available discounts – some providers may not offer them but you won’t know if you don’t ask.
- Read the key points in the Accidental Death Insurance PDS (Product Disclosure Statement) and your Accidental Death Insurance policy documentation when it arrives.
- Ask about commissions made by either brokers or Accidental Death Insurance sales representatives. If they are making ridiculously high commissions then are you paying too much for your policy?
- If you need a hand or have further questions, get in touch with the team at Insurancepoint.