There are two main types of life and related insurance - group and retail. Group insurance is as it says, it covers groups of people who have a characteristic in common, and often requires a little less detail from the policy holder, but may pay out less. Retail insurance will normally require more personal information and tends to be more closely tailored to personal needs.

General Advice warning:
Pearl Funds Management, an authorised representative AFS Rep No 001254808 of Banyan Securities Pty Ltd AFSL 484139
The information presented by us is general in nature and does not take into account your personal goals and objectives. It does not represent financial product advice. You should always seek independent legal and financial advice before making a decision in relation to a financial product. Read the Product Disclosure Statement (PDS) before making a decision. You should consider your own circumstances, needs and financial objectives before making a decision.

Kirstie Spicer
10 November 2014