Insurance Kings Information and FAQs
Life Insurance - General questions
What is Term Life Insurance?
Term life insurance Cover pays out a lump sum benefit to your Estate or beneficiary if you die during the period of Cover and in most cases if you become terminally ill meaning that you will receive the benefit before you die.
Why do I need life insurance?
If you're the main income earner or the main homemaker, life insurance can help provide a stable financial future for your loved ones if you pass away. Life insurance can help your family manage major household expenses, such as the mortgage and education costs, plus other unforeseen expenses, such as funeral costs.
How much life insurance do I need?
Most people review their insurance needs at key stages during their life, including:
- getting married
- starting a new job or changing jobs
- the birth of children
- moving house
- launching a business or partnership
Insurance Kings Ezicover Term Life lets you choose between $50,000 & $750,000.
Whatever level of life insurance Cover you choose, your amount of Cover is guaranteed to never decrease.
I have insurance Cover with my superannuation. Why do I need additional life insurance?
It's great that you've started to protect your family's lifestyle. However, your superannuation may have a lower level of Cover than you expect and may not be adequate to Cover your changing circumstances. Insurance under superannuation may not include income protection and in most cases may only have a maximum benefit period of 2 years.
I am self-employed. Why do I need insurance?
Running your own business is an even bigger reason to consider insurance, especially income protection. Even if you have your own superannuation fund, you may not have any or adequate levels of insurance Cover. So, it's important to review your insurance Cover to ensure that both the financial future of your business and your loved ones is secure.
Can my partner and I get a joint life insurance policy?
Yes, Insurance Kings Ezicover offers a discount for second life when applying at the same time.
How to get a quote and buy insurance online
How do I apply for insurance Cover?
It's quick and easy to get an Insurance Kings Ezicover quote and apply online, simply click here now to fill out our online application form or telephone 1300 50 40 69 and one of our friendly consultants will call you right away (between 8:30am and 7pm Mon – Fri).
How long will the online application take?
You can get an insurance quote in a matter of minutes.
What will I need to get a quote?
Buying insurance has never been easier. All you need to do is click here to get a quote for affordable and comprehensive insurance including income protection or click here to apply now or click here and one of our friendly consultants will give you a quote over the phone. (8:30am – 7pm Mon – Fri only).
I quit smoking 12 months ago. Do I need to tell you?
Yes. It's important that you provide accurate information on your smoker status when applying for insurance. If you give up smoking for twelve months or more after you take out the insurance policy, we can change your premium rates to the non-smoker rates. Just call us on 1300 50 40 69, weekdays from 8.30am to 7pm or click here, and we can update your policy details.
Who can apply for insurance Cover?
If you're a permanent resident of Australia aged between 19 and 80 years depending on the type of cover you require you can apply for Insurance Kings Ezicover Term and Select Term, income replacement, needlestick plus, trauma cover or Insurance Kings Ezicover funeral plans.
How long does it take to get insured?
Your insurance Cover starts immediately after you have completed an online application or spoken with one of our friendly consultants by calling 1300 50 40 69 or clicking here (8:30am – 7pm Mon – Fri). Once your payment is confirmed a policy document will be mailed to you within 5 working days after the policy has been underwritten and accepted.
What if I change my mind? Do you offer a money back guarantee?
The Insurance Kings Ezicover comes with a 21 day cooling-off period so if you decide the cover is not right for you, you can call us on 1300 50 40 69 or click here and one of our friendly consultants will organise this for you.
Is my personal information confidential?
At Insurance Kings we are committed to ensuring that your personal information remains confidential and secure. Click here to view a copy of our Privacy Policy document.
How secure is Insurance Kings's website?
The security and privacy of your information is of the utmost importance to Insurance Kings. We use the latest technologies to ensure your details are kept confidential and secure.
Paying your life insurance premiums
How can I pay my life insurance premium?
You can charge the insurance premium each month to your credit card (Visa, MasterCard or American Express) or you can have it direct debited out of a nominated account. Call 1300 50 40 69 or Click here to speak with one of our friendly consultants.
When will insurance premiums be deducted?
Insurance premiums can be paid monthly or annually by BPay, Credit card or direct debit from a nominated savings account or annual premiums can be paid by cheque if need be. You will receive your first months premium free on acceptance.
How much will insurance Cover cost?
To find out how much insurance will cost you, click here to get a quote - it takes less than a minute or you can call us on 1300 50 40 69 or click here and one of our friendly consultants will call you right away. (8:30am – 7pm Mon – Fri)
What if I stop paying my insurance premiums?
If you stop paying your insurance premiums, we will write to you to let you know that your Cover has ceased and no benefits will be payable.
Will this impact my tax?
As Insurance Kings Ezicover income replacement premiums are generally tax deductable the benefits are generally taxable meaning that you will need to pay tax on any amounts paid out by the insurer in the event of a claim. In regards to Insurance Kings Ezicover Term and Select Term the benefits will be tax free to your dependants however amounts paid to non dependants may be taxable. Trauma cover is generally not tax deductable and therefore benefits will generally be tax free. This is general advice only so please consult your tax adviser as personal circumstances can differ.
Can I get a discount if my partner and I get a joint life insurance policy?
Yes, you can. Insurance Kings Ezicover offers a discount for the second life when taking out one of our Insurance Kings Ezicover insurance plans.
What will happen if I can't afford the monthly premiums?
Our insurance Cover has been designed to be flexible so you can choose the level of Cover to suit your needs and budget. Call the Insurance Kings on 1300 50 40 69 or click here and one of our friendly consultants can tailor a plan for your budget.
Making a life insurance claim
How to make a claim
We want to make the claims process as easy as possible. A claim can be made by either:
- calling 1300 50 40 49, weekdays from 8.30am to 7.00pm
We will then send the necessary claim forms that will need to filled in and returned to us.
Can I choose who gets the money if I die?
The lump sum payment will be paid directly to the policy holder or their estate or a nominated beneficiary which can be changed at any time by calling Insurance Kings on 1300 50 40 69 or by clicking here (between 8:30am and 7pm Mon – Fri) to speak with one of our friendly consultants who will be more than happy to assist you.
What happens if I die?
If you are covered for life insurance and you die before the end of your policy, the insurance provider will pay the policy holder or their estate a lump sum depending on the type of cover you have and the amount payable will obviously depend on the level of cover you have chosen.
Levels of life insurance Cover
How much Cover do I need?
The level of life insurance Cover you choose will depend on your personal needs. If your salary was no longer being paid you'd need to take into account how much it would cost your family to pay the following expenses:
- mortgage
- education costs
- day-to-day bills, e.g. electricity, food.
Are there any age restrictions?
You can apply for Insurance Kings Ezicover Insurance if you are aged between 19 and 80 years of age depending on the type of cover that you require.
What does 'guaranteed renewable' mean?
You can renew your insurance policy each year, without evidence of continuing good health, up until the policy anniversary date following your 99th birthday for Insurance Kings Ezicover Term Life, age 75 for Insurance Kings Ezicover Trauma and Insurance Kings Ezicover Needlestick plus, aged 65 for Insurance Kings Ezicover Income replacement and premiums cease at age 90 but cover continues until death no matter when for all Insurance Kings Ezicover Funeral Plans.
Do I have to take out life insurance Cover for a minimum amount of time?
No you can cancel your cover at anytime however it is recommended that you keep your policy for a minimum of twelve months.
Can I get joint life insurance Cover?
Yes, you can. You will also receive a discount for the second life when taking out an Insurance Kings Ezicover insurance plan together.
What happens to the policy if one person under the joint policy passes away?
In the event of your death, ownership of the policy will be transferred to your partner and the joint policy discount will be discontinued.
Am I Covered if I go overseas?
Yes. You will be Covered anywhere in the world 24 hours a day, 365 days a year however we recommend speaking to one of our friendly consultants by calling 1300 50 40 69 or by clicking here to talk with one of our friendly consultants for FREE( 8:30am – 7pm Mon – Fri).
What if I need financial advice?
If you would like to speak to a financial adviser call , weekdays from 8.30am to 6.00pm.
When your circumstances change
What if my contact details change?
If your contact details or insurance needs change when you are insured with us please call Insurance Kings Ezicover on 1300 50 40 69 to update your details. 
|
