How To Apply For Life Insurance

So, you know how much life insurance you need, now you have to apply for it!

While there are standard personal details needed and also medical questions which you will need to answer, the good news is that the insurance companies are working hard to make it easier and easier every day for you to apply.

While you can still sit down with a financial adviser and complete the application face to face, there are now other ways to apply which can save you time.

Completing the application over the phone is a quicker method, as you just provide the answers and your responses are recorded directly into the electronic application. Time wise this is usually completed in 20 – 30 minutes and you have not had any travel time.

All of the major insurance companies have software that provides an underwriting decision on the spot. This allows for approximately 30% of all applications to be completed instantly. In this situation, you can have your life insurance cover in place the day you apply for it!

Another advantage of applying over the phone is that some insurers provide a tele underwriting service. This means that the personal medical questions are asked in a second interview by a qualified underwriter employed by the insurance company. So if there are any medical conditions where further information is required, it will all be addressed at the one time.

The other great advantage of completing the application over the phone is that it doesn’t matter where you are in Australia you can apply! All people in all communities have access to this service.

So, when you apply for life insurance, you will probably be impressed by the service improvements and how quickly you can get your cover in place!

Go on, give us a call and get your life insurance in place today!

If you need any assistance, please contact us on 1300 52 81 21.