Financial Framework Blog Weighs In

PERTH, AUSTRALIA, October 19, 2018 /24-7PressRelease/ — Modern business environment and technology have enabled us to buy almost anything from the comfort of our homes. From online shopping, to TV shops, you’re just a click or a call away from the desired product. Personal insurance is just one of the things you can buy in a matter of minutes. But, is being at hand always a good thing?

DIY or Professional Assistance?

Nobody knows you or your family better than yourself. This means you can think of the things you and your family need, and buy the most appropriate insurance. You can create your own combination, covering only the elements you need. So, when you get a call from an insurance company, or find one online, you can buy an insurance in a couple of steps.

On the other hand, having an expert by your side can be beneficial in many ways. A financial adviser has the experience of designing insurance policies and finding the right fit, not only for the time being but for the life you are planning. He will help you be covered all the time and assist you in adjusting the policy if needed.


Even though buying directly from the insurer seems easier, it does not guarantee a long term satisfaction.

Mark Bullen from TAL says “An adviser can provide recommendations on the right amount of cover for your lifestyle, the best way to structure your policy, whether to have insurance cover inside or outside of super, and how to navigate the underwriting and claims process.”

A recent investigation by Australian Securities Investment Commission revealed that around 70% of policies purchased through the direct channel got cancelled in the first three years. For more data check out our article on the subject.

About Financial Framework

Financial Framework is a Perth based financial services company, offering financial advice to individuals, families, partnerships as well as businesses. Our experienced financial advisors provide knowledge and tools needed for a financial framework that suits your needs. Foundation of a better future lies on optimising your income, spending, savings, investments, superannuation and insurance and we can show you how to do it. If you need some expert advice, don’t hesitate to contact us now.

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