Your premium has increased
Look at what is driving the cost, how your premiums may change and whether the cover still represents value for you.
Advice Centre
Review your insurance
The cover you arranged years ago may not reflect your life, work or budget today. A review helps you see what you have and whether changes are worth considering.
A lower premium can be appealing, but changing insurance should involve more than comparing prices. Policy definitions, exclusions, benefit periods and your health since you first applied may all affect the options available now.
When is it worth reviewing your cover?
Your family has changed
A partner, children or changed caring responsibilities may affect how much financial support others would need.
Your mortgage or debts have changed
A new loan, larger balance or substantial repayment can change the financial gap you want insurance to address.
Your work or income has changed
A new job, self-employment or a significant income change is a reason to check your income protection benefit and policy terms. We can assess whether your existing cover still fits, whether it can be adjusted, or whether other options are worth considering.
You are unsure what you hold
You may have policies through super, work and direct arrangements. A review can help identify overlap, gaps and differing terms.
Your health has changed
If you developed a health condition after taking out your current policy, that cover may be difficult to replace on the same terms. A new application could result in an exclusion, higher premium or declined cover. We assess the value of keeping your existing policy before considering any change.
What do we look at?
We start with your current policies and what you want them to do, then explain any options available from insurers on our panel.
Current cover
Benefit amounts, ownership, premiums, policy features and any exclusions or special conditions.
Current needs
Your income, dependants, debts, existing resources and what has changed since the policy began.
Available options
Whether keeping, adjusting or replacing cover is worth considering, including the cost and policy trade-offs.
Before you cancel an existing policy
Do not cancel or reduce existing cover simply because a new quote looks cheaper. A replacement policy may have different definitions, exclusions or waiting periods, and an application may be declined or offered on changed terms. Keep existing cover in place until any replacement has been accepted, commenced and reviewed with your adviser.
A review does not always mean a new policy
Sometimes the existing policy remains valuable, especially where health or underwriting circumstances have changed. The point of the review is to understand your current cover and the available choices, not to change it for the sake of changing it.
This page provides general information. The availability and terms of any new cover depend on insurer assessment. We compare options from insurers on our panel, which does not represent every insurer or policy in the market.