Drew Browne

Drew Browne

What has sexuality got to do with a life insurance application?

The simple answer is — Not much.

The honest answer is — A lot more than you'd think

  • Life Insurance companies traditionally haven't designed their products and services with LGBTIQ people in mind and tend not to consider the needs of diverse communities.
  • Research shows when service providers assume their clients are heterosexual and use heterosexist language, this can result in discomfort, alienation, and even ongoing discrimination against a significant part of the broader Australian community, their families and friends.

Is having a Genetic Test a problem when applying for Life Insurances?

No.

Some people may have been put off from having a genetic test and missing a diagnosis and possible treatment for serious illnesses, such as cancer, because of concerns the results of the test may exclude them from obtaining insurance cover.
Life insurers are currently banned from requiring applicants for insurance to disclose the results of any genetic tests they may have and this ban will last until June 30th 2024 when it will be reviewed.

What is the insurance Duty of Disclosure?

Under the duty of disclosure, a person applying for insurance must disclose relevant information to the insurer before a contract is entered into.

A person applying for insurance must:

fully and completely answer all the questions on the proposal form
answer questions asking for detailed information precisely, and
include additional information if a ‘tick the box’ question does not offer an answer that applies to the person’s situation

Do intended parents need to have a face-to-face meeting with you?

No. Intended parents do not need to meet for a face to face meeting with us to get their life insurances sorted. Our modern business systems help us look after all our clients remotely over email, phone or video chat - whatever is best for them.

Does my surrogate need to have a face-to-face meeting with an adviser to get insurance in place?

No. Surrogates do not need to meet for a face to face meeting with us. We use modern business systems so we can work with our clients remotely over email, phone or video chat - whatever is best for them.