Life insurance companies offering more value

Aug. 1, 2010 - PRLog -- Policies with a point of difference

Luckily for us, life insurance companies are beginning to change what their policies truly offer. They now give us much more value than they did in the past. Gone are the days of ambiguous medical definitions and often stressful claim’s procedures. These modern personal insurance policies help ensure that we are covered for more than the standard life insurance policies on offer.

Whether its life insurance, income protection insurance, or trauma insurance, there are a few who have excelled at ‘thinking outside the box’ when creating their policies. Some of these life insurance companies include MLC with their ‘Best Doctors’ program, Asteron’s ‘Healthy Plus Option’, Macquarie’s ‘Life Active’ bundled policy, and premium free child cover from various life insurance companies in Australia.

MLC Critical Illness Insurance - Best Doctors
Best Doctor’s connects seriously ill people to a network of peer-nominated, leading specialists around the world. Access to this network is for MLC Critical Illness insurance holders and their immediate family (spouse and dependent children). It means policy holders get the best possible medical advice which offers further certainty surrounding their diagnosis and treatment plan.

Asteron Life Insurance - Healthy Plus Option
Another innovative policy is Asteron’s ‘Healthy Living Active’ option which rewards policy holders for staying healthy by reducing their life insurance premiums by 20%. The 20% discount applies immediately after policy acceptance, and is lowered by 1% each year, to a minimum of 10% over the life of the policy.

Bundled Life Insurance - Macquarie Life Active
One of the most unique policies in recent times is Macquarie Life Active which rolls life insurance, trauma insurance, and TPD insurance into one product. The policy is graded based on the seriousness of the claim condition or event. So the more serious the event is, the larger the benefit payment. Another new part of the policy is that it also pays multiple claims for the same event.

Premium Free Child Cover
There are two main life insurance companies who offer premium free child cover. One of these is Asteron, where if you hold a stand-alone life insurance policy child cover is offered premium free to a total sum insured of $10,000.

Another life insurance company which offers free child cover is Aviva. If you hold an Aviva trauma insurance policy with a value of over $100,000, then child cover is offered premium free. Your child is covered on your insurance policy anniversary following their 2nd birthday.

If you would like to discuss any of these insurance options, call xLife on 1300 135 205. Our experienced advisers can further explain how these policies work, and which ones would suit your situation.

xLife compares life insurance, income protection and trauma insurance online, helping Australians find the most competitively priced policy best suited to their needs. For a free life insurance quote go to http://www.xlife.com.au/.

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xLife provides a FREE personal insurance comparison service allowing you to compare the most competitive quotes possible for life insurance, income protection insurance and trauma insurance online.