The 4 Best Life Insurance Companies in Adelaide

ROE Financial Planning’s expertise is in financial planning and retirement, which is why they’re a great choice for life insurance. Their insurance plans cover income protection, disablement, and more. 

One of their strengths is the years of experience of their team. Some of their members have been working for more than 20 years. 

They also have experience in real estate and accounting and are certified financial planners. The wide range of their expertise makes their advice compatible with clients from different backgrounds.

Their stability can be seen in how they’ve been around since 1987. They’re also part of a bigger organization, Advice Evolution, and are also members of the Association Of Financial Advisers and Self Managed Super Fund Association. 

Along with life insurance, you can get relevant products such as superannuation, property investment, and retirement finance planning. They’re especially recommendable for those expecting to retire within 10 years.

Plus, you can get insurance at a more affordable rate through their retirement and financial advice package. This provides comprehensive financial protection for the future. 

All of this said, one downside of the company is that their products are geared more toward those approaching the age of retirement. 

Aside from this, their options are inflexible. They’re not the choice for those who want adjustable inclusions and extras for their insurance.

Maxton Insurance Brokers’ strength is in the cohesiveness of their team of brokers. They’re well-coordinated and can explain and process your insurance efficiently. 

Their head has more than four decades of working in the insurance industry. He has dealt with many insurance providers and has a good track record matching clients’ coverage with their needs.

The other members of their team also have decades of experience. Some have worked internationally, and one has been awarded the Insurance Business Australia’s Young Gun of the Year Award.

Aside from standard life insurance, they also provide business life insurance. This covers the financial impact of having a key person in the business suffer from a grave illness or pass away.

Their life insurance plans are coordinated with Steadfast Level, which is one of the largest insurance companies in Australia. 

Unfortunately, one of the downsides to them is that their brokerage fees are a bit pricey. 

Aside from this, they take some time to entertain new clients because there’s a high demand for their services.

Pride Advice is one of the most awarded insurance companies in Adelaide, winning Practice of the Year for six consecutive years from RI Advice.

The company has been around since 2003, and they have offices in Adelaide and Sydney. They have handled more than 800 clients, making them highly trustworthy. 

One of their highlights is that they provide comprehensive life insurance coverage. The company has income insurance, trauma protection, and disability coverage available. 

Because their team has an accounting background, they can explain the inclusions of the insurance in a way that’s easier to digest. This also makes them recommendable for financial advising.

We also like that their overall process for insurance (application, claims, etc.) is straightforward and simple. Their brokers are great at tailoring your insurance plan to match your specific needs. 

However, a downside to availing of their service is that it is pricey because of their high brokerage fees.

Aside from this, a minor downside we saw is that they take some time to respond to messages sent on their website.

Novo Wealth is notable for their ethical investment services, which means that funds are allocated only to environmentally friendly and politically conscious funds. If these align with your values, they are especially recommendable. 

The company is experienced in providing financial advice and insurance to those who are planning to retire. Their head representative has been providing these services for more than 25 years.

They’ve got all life insurance types covered, from disability cover, trauma insurance, income protection, and term life cover. Because of this, they can match the needs of almost everyone. 

In addition, the plans are explained well and comprehensively by their representatives. There’s no heavy sales talk, and they stay free from confusing jargon.

Plus, they provide financial planning advice tailored for women and the aging population. This service acknowledges the stages of life, income inequity, and other issues faced by these clients.

As we can see, the company’s main advantage is its ethical approach to investment. They’re especially recommendable for women and those approaching retirement age.

Among its cons, however, is that their team is smaller compared to their competitors. Aside from this, their premiums are a bit pricey too.