General Life Insurance is your typical Life Insurance policy in Australia. With General Life Insurance you will be required to go through a series of underwriting questions to see if you qualify for cover. With General Life Insurance you are not guaranteed to be covered, however, if you have a clean bill of health, you shouldn't have any problems.
You need to go through underwriting with General Life Insurance because of the large sums of money being offered as insurance. The better your health, the less risk you pose to the Life Insurance company, conversely, if you have had a health issue, you pose a greater risk to the insurance company and may not qualify, or have an additional loading added to your premium, making it more expensive due to the increased risk.
We suggest you make an inquiry where we can take you through the underwriting questions to see if you qualify. We encourage you to get Life Insurance cover sooner rather than later, as the longer you leave it, the more chance you have of getting health issues which may affect the cost of your premiums or whether you get cover or not.
Other types of Life Insurance include Funeral Insurance which is also some times referred to as Death Cover.