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Many people get confused with regards to direct life insurance and life insurance, as the name suggests, direct life insurance is an insurance policy that can be purchased directly from an insurance company or financial institution such as any of the Australian insurance companies. It is extremely easy to apply for life cover as there are no financial planners involved and no medical information needs to be provided, all you need do is complete an application form either directly online or over the phone. In addition you now have the option to include other benefits such as income protection and trauma benefits as well as permanent and total disability. For those that need a life insurance but do not have the time to spend with financial planners, direct life insurance is a far better option. Direct life insurance is very appealing to people that know what they want when it comes to protecting their family and their assets should they be faced with an unexpected event, and it is becoming more obvious that life insurance quotes fill an important niche. When requesting life cover quotes you also need to view the various other options available. For example if you have just purchased a new home, in order to protect this assist you would take out life insurance cover, which would ensure that your family would not have to cover the mortgage payments in the event of you suddenly dying. If you want to take out life cover and put a policy in place with immediate effect then view the various life insurance cover options and asset protection strategies. There is nothing more reassuring when you have life insurance and know that your family will be financially protected in the event of your death. Should something unforeseen happen and you have life cover and have not nominated a beneficiary, and the value of your taxable estate exceeds a certain limit, you estate will end up paying inheritance tax which is around 40% of the estates taxable value. By not nominating a beneficiary the tax man will take at least 40% of your life policy and the proceeds will then go to your estate. However it is easy to avoid such problems occurring by getting your policy written in trust. When signing up for a life insurance policy, you need to ensure that you have named a beneficiary, and when a claim is made the insurance company will pay out directly and immediately to the person nominated as the beneficiary and the benefits are totally tax free. Once you have requested to a broker online that you want your policy written in trust, this will be done automatically.
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