life insurance australia Life Insurance Policy

life insurance Australia

life insurance australia

life insurance Australia – hi I’m byron adele founder and CEO of a q quote since 1986 we’ve helped over a million people save a fortune on their life insurance I think you’ll agree that not having life insurance is one of the dumbest things in the world you can do if you don’t have it you’re leaving the people you care life insurance Australia –  about most open to a world of hurt when you die and yes it can happen to any of us I see it every week how will your family get by how will your spouse pay for the mortgage food utilities health care your kid’s college tuition, etc everyone needs life insurance 

life insurance Australia – it’s what people do when they care about their families thirty years in this industry has taught me a lot of life insurance is the most amazing product mankind ever invented it’s the only product that turns pennies into dollars and it delivers those dollars exactly when they’re needed most and it’s dirt cheap but before you buy life insurance the biggest most important question you need to answer is how much coverage do I want let’s face it we only die once and if we die with the wrong amount of life insurance there are no do-overs our families are screwed now there are some rules of thumb none of which work very well and

 there are some pretty elaborate and easy-to-use needs calculators online including the one on our website but even those sometimes miss the mark everyone knows that nothing can replace a father a mother a husband or a wife what life insurance can do though is replace the economic value of human life so what’s your life worth economically to your family not sure answer this question if I were to write you a check right now for the full death benefit of all the life insurance you own would you agree to work the rest of your life for no pay if your answer is no way then you probably life insurance Australia – 

don’t have enough coverage if you’re saying where do I pick up the check well then maybe you do have enough either way getting the right face amount is critical once you know how much you need to figure out what kind of life insurance you need so here’s some information that might help you with that term life insurance is certainly the most affordable a term life policy now costs about a third of what it did just 20 years ago a 35-year-old health email can get a half-million dollars of the 20-year level term for less than seventy-five cents a day term life insurance is typically sold in terms of ten fifteen twenty twenty-five and thirty years there’s even a term life policy life insurance Australia – 

 that guarantees a hundred percent of your money back even if you don’t die it’s called ROP term the ROP stands for the return of premium if you live to the end of the 30-year term you get a refund of all the premiums you paid, for example, say at age 35 you buy a $1,000,000 30-year ROP policy let’s say your premiums are a thousand dollars a year, of course, that’ll depend on your age health and other factors but at the end of the thirty-year period in this example if you’re still here and haven’t died and the policy is still in force the insurance company will pay you $30,000 tax-free and life insurance Australia – 

 if you happen to die before the term is up then your family will receive the full 1 million dollar death benefit which is also income tax-free ROP policies do cost a little more than regular term policies so why are you wondering whether there’s a catch well there is if you don’t keep the policy for the full 30 years you don’t get all your money back so don’t buy one of these unless you think you’re going to hold on to it for the full 30 years now with all term insurance the downside is that it covers you for a temporary period of time and when the term of the policy ends whether – 

life insurance Australia – 

 that’s 10 years or 30 years the new premiums jump dramatically which basically forces you to drop the policy now this is good for the insurance company because they don’t have to pay you anything but it’s bad for you and your family the only way win the game of life insurance is to die with your policy in force if you do that you will have won the game the insurance company will have lost money on your policy you will have turned pennies into dollars for your family and that money will be delivered to them exactly when it’s needed most so how do you make sure you win well if you buy a permanent life insurance policy you won’t have to worry about your policy ending

life insurance australia –  there’s no expiration date on this type of product premiums remain level forever let’s do the math on that real quick let’s take a woman age 43 with a $500,000 permanent life policy with a guaranteed annual premium of $2,500 a year at age 83 40 years later she would have paid in a total of exactly $100,000 in premiums over the years now if she dies in that same year at age 83 her family receives $500,000 income-tax-free that’s a net gain of four hundred thousand dollars a hundred thousand in five hundred thousand out that’s a tax-free return of over seven percent and depending on your tax bracket that’s like earning eleven or twelve percent one hundred percent guaranteed in life insurance australia – 

 this world today what another financial instrument can even come close to this and these returns are guaranteed by some of the largest and highest-rated financial institutions on the planet insurance companies now for some shameless self-promotion one of the best places to buy affordable life insurance is a tack you quote over the past thirty years we’ve helped our clients secure over a hundred billion dollars of life insurance coverage we work with dozens of top-rated brand-name life insurance companies you trust we can help you figure out the how much what kind and which company life insurance australia – 

 we can even help you get coverage if you have medical issues all at a price you can afford and we do it right over the phone no pressure and no three our kitchen table face off just call us at the number on your screen or go to a queue quote calm we love to help people save money I hope this information was helpful and thanks for listening 

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