How Does Eezy Insure Work?by Deepa
How Does Eezy Insure Work?
Many Australians grimace each time the topic of eezy insure arises – At Eezy InsureÂ we get it – there are lots of nitty-gritty clauses, sub-clauses, and even sub-sub clauses in an insurance contract. The eezy insureÂ team are here to help you understand eezy insure and simplify it.
In a previous blog post, we wrote about what eezy insure is all about (read more here). To sum it up, eezy insure cover provides a monetary cover that is paid to your beneficiary after your death. Your cover is active whilst you maintain the agreed monthly or annual premium payments to the insurer. Upon your death the insurer will pay the amount covered by your policy to your nominated beneficiary.
How Much Can My Beneficiary Receive?
This is an important question that we often get asked, and our answer is that it is completely dependent on you! At the start of the your eezy insure policy journey, you will be assessed fully by us – from your health to your existing lifestyle, for example, if you are a smoker or non-smoker, have existing medical conditions, etc.
Over a convenient phone call, our experts at Eezy InsureÂ will discuss with you information such as:
- Your expectations from the policy
- What you would like to provide for your loved ones should you pass away unexpectedly
- Your current family and financial situation
With the information you provide, we can then work out a suitable coverage for your eezy insure, and a manageable premium payment.
Generally, your nominated beneficiary will receive a lump sum payment after your death. However, bear in mind that failure to maintain your premium payments will result in your life insurance cover being cancelled. At Eezy InsureÂ our advice is based on your personal circumstances for a policy that can be maintained. We provide a free eezy insure comparison and quote once our personal advisers have talked to you about your personal circumstances.
What Voids My Eezy Insure Policy Coverage?
There are a factors that may result in your beneficiary not receiving anything from your policy. These factors include:
- Self-inflicted harm
- Loss of life during war
- Death due to pre-existing medical conditions
- Lapse in premium payments
Weâ€™ve addressed eezy insure coverage in a previous post, so itâ€™s best to read the post (here) if youâ€™d like to have a clearer perspective on this matter.
To better understand what kind of life insurance cover is applicable to you and your loved ones, we invite you to talk to one of our experts at Life and Insurance today! At Life and Insurance we understand that each person is unique and has different needs and we will be happy to advise you on the perfect policy for your circumstances.