Insurance companies offer two types of insurance products: “Direct” and “Retail”
Direct policies are the ones you see advertised on tv and the ones you find via insurance comparison websites.
Retail policies are those you can access only through a financial adviser.
Is there a difference?
YES!!
“Direct” policies offer less cover, are more expensive, pay fewer claims and have greater restrictions and fine print that you may not be aware of until it’s too late.
“Retail” policies on the other hand, are about 40% cheaper, offer you more options, greater cover, and pay more claims.
As you can see, you are far better off seeing a professional adviser and accessing the “retail” version of the insurance policy.
Best of all…
It won’t cost you any extra to get the “retail” insurance policy. In fact, it will likely save you money!
The Sova Difference
At Sova Financial we like to do things a little bit differently. Our goal is to provide you with an exceptional service that also gives you value for money. With that in mind, we offer you the additional option of obtaining commission free insurance. Very few advisors in Australia offer this service!
This means that for a small upfront fee you can lock in an additional 30% saving off your premium. Alternatively, our service is completely free of charge to you and our services are paid for by the insurance company. The choice is entirely yours.
To find out more about how Direct and Retail insurance products work, call us on 0402 098 783 or via info@sovafinancial.com.au
