FAQ

What is the core score?
The core score has been provided by an independent research company and is calculated by an in depth analysis of the core benefits of the particular product it is not a reflection of the premium. The benefits are scored A - D with a point value for each letter in each category which translates to an overall numerical score out of 100.

Can I pay monthly?
Yes, with most companies you can pay you premiums Monthly, Quarterly, Half yearly or Yearly

What policies are tax deductible?
Income Protection and Business expenses are generally tax deductible. If you are self employed you can allocate you Term and TPD insurance as Superannuation and your business will get a deduction as a Superannuation payment.

I am Self employed, should I put my life cover and TPD under Superannuation?
The answer to this will vary in almost every circumstance, generally, the answer is no as there may be tax on a benefit payout and you do not have total control over who is to receive the payment. In some instances these can be negated, please call our office for more information in regards to this.

How long do I have to stop smoking to reduce my insurance premiums?
Generally 12 months after you stop smoking you can be classed as a non smoker. This will considerably reduce your premiums.

What is a loading or exclusion?
There are instance where pre existing conditions may either be accepted or excluded from a policy.

Life companies often accept a non standard risk on the basis of an increase to the premium and this is known as a loading.

An exclusion is where they take on part of the risk but exclude a injury or illness. As an example, a mechanic with a previous history of back complaints may not be covered for future back problems under a policy.