I just got my life insurance and income protection through these guys and they were excellent to deal with and gave me a great rate compared to most of the other companies I enquired through. I highly recommend!!
For $100,000 cover it only costs about $9.50 per month and you get to choose from a list of some of the biggest banks and insurance companies.
Here are their details:
Insurance Kings
www.insurancekings.com.au
Telephone: 1300 50 40 69.
A member for 1 day?? I have been a member for 36 weeks!.. and to answer your question - NO I do not work for them!! Just used their service recently and everything went smoothly and was happy with the deal I got so thought I would share it with everything else…
My apologies. I need new glasses!
$100,000 of death cover costs me $3.25 per month through my industry super fund.
Apples and oranges.
not sure if this really is a bargain. no real prices.
Its always going to be cheaper having your insurances through super at group rates however there is normally a maximum amount of cover you can apply for without any underwriting….
I have $800,000 total coverage. (By the way, even though it is through an industry super fund, it is publicly open fund - I'm not even in the industry that this fund was set up for. Why is this not a reasonable comparison then to the details of the OP?)
There may be tax consequences of having your life insurance in your superannuation. If you haven't looked at this, it might be worth your time to do so.
Then again, they will only arise after you are dead so …
OP?
Sorry - original post.
Cheap Insurance - may be?
Does any one know if they got got paid out if full? :o)
Like anything you pay for what you get. The other thing to consider when holding policies inside of super is that unless you have binding nomination it maybe at the trustees discretion as to who will end up with the payout!
It's generally much cheaper (and easier) to get life insurance (income protection, TPD, trauma) through your super fund. In some cases you might have to supplement the cover provided by your super fund, but it's still better to do it this way than to go 'direct' to an insurance provider/broker.
How long does your superannuation-based income protection insurance last, mjs? More than 2 years?
It depends on the fund. But if you have trauma/TPD cover, query whether you need income protection that lasts more than two years (if you're sick enough to be out of work for 2 years, then it's probably something that's covered by a trauma/TPD policy).
Spam
Spam??.. Its users like you that make it hard for people to keep post's on this website. This has happened to me before when I posted about a good deal a fingerprint door lock company had. I am a dental technician so why would I be spamming about a life insurance company!?
I disagree! Having Income protection (IP) inside super will eventually eat away your retirement savings if you are not contributing enough to cover premiums so I guess you need to make sure this happens at a minimum. Having TPD inside super could also be an issue especially if you have an own occupation definition. The insurance company might pay out to the super fund but will the trustee pay you as a member if you dont meet the conditions of release under the super laws. I would rather get advice from a professional anyday!
Nice chattin!
I agree with you Peakey!
I have recently taken out my insurance through Insurance Kings and highly rate them. They deal with all the top life insurance companies and offer competitive rates plus it was free. Keep up the good work Insurance Kings.
Why would you take out life insurance with post tax income?
It is spam, speak to any financial adivor. Who cares if you are dental technician, maybe a family member works there.
This is a joke. How is this bargain? I am a 60 year old man and they will not give me life insurance for $9.50 a month. You do realize life insurance is based on many factors, including age. All you are doing in this post is advertising a business, there is no bargain here!
You deserve much more negative ratings.
Hi Brian, well all I was saying is that I got my life insurance cover for that price and not that everyone will. I put this post up because I had enquired with several other insurance broker companies and none of them came back with premiums as good and service as good as Insurance Kings. I thought others would like to know this and thats why I made this post.
just wonder why everyone is in attack mode.. at least peakey trying to share a good bargain from his point of view..just vote negative and comment in a nice way, no need to exaggerate.
thankyou! :) ..
I dunno about you but Ive had quite a few very persistent "life insurance" salesmen call me up over the years. So whenever someone starts promoting life insurance I instantly go on defense, assuming that someone on a commission is trying to flog their product yet again.
Most financial advisers will recommend to pay for income protection in so called post tax dollars and then claim the premiums as a deduction therefore giving you an after tax cost which will depend of course on your tax rate. At the end of the day your ability to earn an income is one of the most valuable assets you will ever own so anyone that doesn't insure it is either really dumb or really rich period!
ALL Insurance is a SCAM.
Insurance is nothing better than a bet.
It's always better to open an ING Bank Account, put your $29 Premiums into this Bank account.
You can use your ING Bank Account for ANY unforseen circumstances. There are no exclusions.
I think we have a winner for the most ridiculous comment of the day! If you had a mortgage and a family and saved your measily $29 for 10 years you would have $3480 assuming you didn't reinvest your massive 5% interest. How on earth would your family survive? This would be lucky to feed the family for 12 months let alone the mortgage, rates, electricity, putting the kids through school and so on and so on.
Good luck with your strategy alexportnoy.
You have to reinvest your Interest.
Then all you problems are solved.
Still only $4377.11 after 10 years. My advice is stop smoking crack!
You're right, and I am wrong.
I'm a huge believer of insurance, because I have seen it rewards of having it. My mum was able to choose an early retirement because of her endownment plan bought when she was a young working girl. My grandparents funeral was not a hassle at all, because their life insurance plans have taken care of it. I am able to go to a private school due to an education savings plan bought by my parents long time ago.
I feel secure and confidence because of having life insurance backing up my financial situation.
As for which plan or which company to go with, it doesn't really matter as long as it pays at the end. No point going for cheap stuffs, but claims are not pay out?
I wonder, do you work for or are you affiliated with "Insurance Kings"?
Im always suspicious about people who have been a member for one day and say how wonderful and friendly a particular company is.