Life Insurance Broker Sydney

Covermate Life is a life insurance broker based in Bondi Junction. We help people across Sydney compare life insurance and income protection through participating insurers. We provide general advice and can explain what information insurers ask for when you request a quote or apply.

 

When to review life insurance in Sydney

Buying a home, having a child or changing jobs can change what your household would need to pay for if you died or could no longer work. Start with your mortgage, shared living costs and dependants. Include the value of unpaid care if someone would need to take time off work or pay for childcare. Then list savings, existing insurance through super and employer benefits.

Use our life insurance calculator to model a possible gap. Personal financial advice can help you decide what cover is appropriate for your circumstances.

 

Which type of cover are you comparing?

Life insurance can pay a lump sum on death or eligible terminal illness. Income protection can pay part of your income during an eligible period when you cannot work. TPD insurance and trauma insurance can pay lump sums if their different disability or medical definitions are met.

 

What to bring when you speak to a broker

Gather your latest super insurance statement and any retail policy schedules. Note the insurer, insured amounts, premiums and existing exclusions. If your earnings include commissions, bonuses or overtime, ask how each income protection policy defines eligible income. If you run a business, check personal income protection separately from business expenses or key person cover.

 

How to compare life insurance quotes

Ask for written quotes using the same insured amount and benefits. Compare exclusions, definitions, premium structure and expiry ages. For income protection, compare the waiting period, benefit period and whether other payments reduce the benefit. If you are replacing cover, ask which terms would change and when the new policy would start. Keep existing cover in place until the replacement is accepted in writing and you understand the terms and start date.

We explain options from our insurer panel. Ask which insurers are included, how we are paid and what support is available during the application.

 

Contact Covermate Life in Sydney

Contact our Bondi Junction team or request insurance quotes.

General advice only. This information does not consider your objectives, financial situation or needs. Read the relevant Product Disclosure Statement, policy schedule and Target Market Determination where applicable before deciding.