How does Life Insurance Calculator work?
Finding a life insurance policy to provide protection for your loved ones has never been easier!
At Life Insurance Calculator, will take all the stress out of finding a life insurance policy by first helping you determine how much life insurance you need and then based on this information we compare policy prices from the TOP-13 companies in the industry to make sure the policy you get will save you money.
Depending on your circumstances, life insurance in Australia can start from under $1 per day and in most cases, you will not need a medical and cover can be organised immediately over the phone.
Methods used to calculate Life Insurance
We use two methods to calculate how much life insurance you need. The simplest is the “Income Replacement” approach which requires just your age and current income. The second method is the “Needs Approach” which requires you to enter some more information but you get a more accurate estimate of the life insurance amount you need.
Once you are happy with the level of life insurance calculated, then the process starts when you make an inquiry by submitting your details to us. Don’t worry we will not share your details with anyone as all our in-house advisers are qualified to provide an advice. Once we receive your inquiry one of our trained staff members will contact you by phone to clarify the details and do the price comparison.
It’s always better to talk to one our staff members so that they can get a better understanding of your personal circumstances which in most cases will help you get life cover that will meet your needs and budget.
Once your life insurance quote is confirmed, and you are happy to proceed, an application is filled in over the phone which takes about 10 minutes after which time your life insurance is in place.