Get the Best Life Insurance Plans in the Melbourne

A life insurance cover secures the future of the family members after the insured person passes away. With numerous life insurance plans in the market, you may get confused about which policy is best suited for you. This is why we provide professional services that will help you find the most suitable plans for your needs.

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CP Insurance Services is a trusted insurance specialist in the Melbourne providing a wide range of services. Now you can get competitive life insurance quotes with multiple benefits like flexible repayment and maximum coverage with our help. We work with the top life insurance companies in the country and offer expert advice on various plans you can choose from. As a life insurance policy is a long-term commitment, you need expert advice that is honest and unbiased. Our knowledgeable insurance brokers can help you check and compare every plan to ensure that it meets all your specific requirements.

What Is Life Insurance and Why Is it Essential?

Life insurance is an agreement between an insurance company and an individual that in the event of the person’s demise, the nominee will get a lump sum amount. The amount is decided at the start of the policy and is the basis of the premium that the company charges in instalments from the insurer. In case of any unfortunate event, the insured person’s family receives the agreed sum, which provides a crucial security net in such challenging times.

A real-life insurance policy is essential for securing the life and financial freedom of your family members in case of your death and/or critical illness. The lump sum payment or regular income helps your family meet their financial obligations, and pay off debts or various online/recurring expenses. This is especially important if you are the sole breadwinner or have dependents who cannot work due to age or infirmity.

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Types of Life Insurance and Income Protection Plans

Life insurance is an umbrella term for various types of insurance and policy inclusions that you can choose based on your specific requirements. Choosing certain life insurance plans or ones with additional features increases the premium. However, this comes with additional protection which improves your security and covers most risks.

Popular life insurance covers and policies include:

  • Death Coverage: This is the most common variant of the life insurance policy. The beneficiary gets the agreed amount in case of the insured’s demise. Some plans allow you to get insured if you are diagnosed with a terminal disease.

  • TPD (Total or Permanent Disability): In this policy, you get a lump sum and pre-agreed amount if you become totally or permanently disabled. It helps you clear debts or the cost of medical treatment.

  • Personal Accident Insurance: This provides you coverage in case of an accident with a lump sum or monthly payment.

  • Income Protection Plan: If you are not able to work due to illness or an injury, you can get up to 75% of your salary with this policy.

  • Trauma Insurance: You can get life coverage that deals with specific medical conditions as and when you get diagnosed, e.g. a stroke or cancer. The cover depends on the conditions listed in the policy document.

  • Funeral Cover: This is a very beneficial plan that helps the family meet the cost of the funeral after the death of the insured person. Funerals are an expensive affair and such a cover alleviates some of the family’s financial stress.

Benefits of Life Insurance Plans

A well-designed life insurance cover provides a safe cushion for you and your loved ones should anything befall you. It can pay for medical bills, meet monthly expenses and so on. Some of the benefits of taking such policies are:

  • Risk management

  • Peace of mind

  • Financial security for you and your family members

  • Terminal illness expenditure coverage

  • Flexible premiums

  • Helps to payoff expenditures and debts

CP Insurance Services: Your Life Insurance Specialist in the Melbourne

CP Insurance Services is a trusted insurance broker in the Melbourne that provides access to the best policies in the market. You also receive guidance in selecting a life cover that meets all your unique needs. As we work with the top insurance companies in Australia, we have access to hundreds of insurance policies, including broker-only products.

Our team is familiar with the industry and will find a life insurance policy that matches your requirements. We offer:

  • Wide range of policies

  • Maximum coverage

  • Competitive premiums

  • Quick turnaround time

  • Dedicated point of contact

  • Claim lodgement assistance

  • Excellent customer support

Call us today on 1300 884 698 to speak to our consultants about your life insurance or fill out our online contact form. We look forward to hearing from you soon.

FAQs

The insurance companies pay the agreed amount as a lump sum or in monthly payments to the beneficiary. Depending on the life insurance taken, various circumstances can be covered, including death, disability, illness, etc. This helps the insured and their family secure themselves financially.

The insured person can cash in the insurance policy by surrendering the death benefit and getting the cash value. There may be surrender charges applicable in some cases. Do check with your insurance broker or agent before cashing in.

Insurance brokers are licensed professionals who are well-versed in every aspect of insurance. They can advise you on the pros and cons of every policy. Since they work with many insurance companies, they can get you competitive premiums and the best coverage.

The life insurance premium in Australia depends on a lot of factors such as:

  • coverage amount
  • your age
  • health history
  • risk category
  • duration of the insurance
  • negotiating ability of the broker
  • market competition
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Why Choose Us

We are an award winning company

01

Savings Potential

We will work with you to locate and deliver the most competitive balance between coverage and premium for your business.

02

Superior Protection

We work only with Australian Authorised Insurers, ensuring that we provide the most comprehensive coverage available.

03

Structured Coverage

From start-up business through to multi-national corporations, we will structure policy coverage to suit which ever sized business you have.