Quote:
Originally Posted by onetwo_threefour
I vote for a broker. Set mine up through the CBA's recommended broker a few years ago, and got a good comprehensive term plan that will be around until my youngest is 25 and will replace my income to 80% until then. One of the neat options they were able to add was that my coverage (and premiums of course) automatically bumps up 5% every year without being newly underwritten to account for economic advancement. As a matter of maintaining standard of living for my family I thought it was a good option for them to offer.
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Yes Broker's are the way to go, as I am a broker and I know we have flexibility in going to companies with products that fit the client whereas the inhouse agents, though there aren't many left, can only stick with their company's offerings (these are Co-Operators, some Sun Life agents, Primerica, etc.).
As an aside please run away from Primerica and World Financial Group agents, there might be some good ones which I haven't met but the ones I have seen aren't any good.
onetwo_threefour: Curious if you had purchased an indexed Term 10?