Northeast Wealth

Could you be paying too much for your personal insurance?

Or missing out on protection you should have?

If your personal insurance has an exclusion or premium loading, you may be able to have it removed.

We review existing life, TPD, trauma and income protection policies to investigate whether old exclusions or premium loadings can be removed.

We'll review your existing policy for free and help you understand your options.

Request your free insurance review
80+ 5-Star Google Reviews

Eight years with two exclusions. One review changed that.

Before review

Back Exclusion,
Mental health Exclusion

Both in place for 8 years
After review

Both exclusions removed

Existing policy retained

One of our members had carried these exclusions since taking out their policy eight years earlier.

We obtained updated medical information and asked their insurer to reconsider the original decision.

Both exclusions were removed, giving the member significantly better protection under their existing policy.

Not every review delivers the same result, but this is why we believe older exclusions are worth revisiting.

Is your insurance worth reviewing?

You may have an opportunity to improve your cover if:

Your insurance includes an exclusion for a previous injury, illness or medical condition.
You're paying higher premiums because of a loading applied when you first took out cover.
Your health or circumstances have improved since your insurance was established.
You haven't had your policy reviewed in several years and aren't sure what restrictions apply.

You don't need to know whether an exclusion can be removed. We'll help you understand whether there's an opportunity to improve your existing cover.

We'll do the work.
You get the answers.

1
Request your free review

Tell us a little about your existing insurance. You don't need to have all your policy details ready.

2
We'll investigate your options

We'll review your policy and, where appropriate and with your authority, approach your insurer about the possibility of changing your existing terms.

3
Understand what can be improved

We'll explain whether there's an opportunity to remove a loading or exclusion, what's involved and what happens next.

Your insurer isn't going to review it for you

An exclusion can remain on a policy for years — even where the circumstances that originally caused it have changed. That's because these reviews don't happen automatically.

Your insurer won't routinely contact you and ask whether an exclusion can now be removed, or whether you should still be paying a loading. If nobody challenges the original decision, it remains in place.

For people with an advisor actively looking after their insurance, this should be part of the ongoing job: understanding when amended terms can be reviewed, diarising the opportunity and going back to the insurer when the time comes.

But many Australians have insurance policies that were established years ago through an adviser they no longer speak to, or through a bank that no longer provides personal financial advice.

The policy remains.
The premiums keep getting paid.
But nobody is actively looking after it.

A real review

We've seen what a difference it can make

We recently served a member who had held the same insurance policy for eight years. Their policy contained a full back exclusion and a mental health exclusion.

Those exclusions had remained on the policy since inception. Nobody had gone back to review them.

We investigated why the exclusions had originally been applied, obtained updated medical information and approached the insurer to reconsider the terms based on the client's circumstances today.

The insurer agreed to remove both exclusions. No application form. No new policies.
Just better terms.

The policy simply became substantially better than it had been before.

Not every review produces that outcome. But this member had spent eight years carrying exclusions that ultimately didn't need to remain there. That's exactly why we think old exclusions are worth challenging.

Book your free insurance review

Let us do the work

Our insurance review is free.

We'll look at your existing policy, understand the loading or exclusion you're concerned about and establish why it was originally applied.

Then we'll speak with the insurer and determine whether there's an opportunity to have it removed.

At the end of the review, you'll know:

— Why the loading or exclusion exists (what drove the insurer's original underwriting decision)

— Whether it can be reviewed now

— What is required to have it removed

— If it can't be removed today, when you can try again

— If no improvement is available, whether there are better options available elsewhere

You don't need to know whether your exclusion is reviewable. That's our job.

You don't need your old underwriting paperwork. You don't need to know exactly why the insurer made its original decision. And you don't need to call an underwriting department and try to navigate the process yourself.

Start with the policy you already have. We'll take it from there.

You've paid for the insurance. Make sure you're getting the best cover you can from it.

Your reviewer

James O'Reilly

James O'Reilly is the Founder, Director and Financial Advisor at Northeast Wealth, an award-winning financial planning firm based in Melbourne, Australia. With nearly three decades of experience in the finance industry, he specialises in retirement planning, investment management and behavioural coaching.

Experienced advisers. Better insurance outcomes.

Northeast Wealth is a Melbourne-based financial planning firm helping Australians make informed decisions about their wealth and financial protection.

Our advisers work with clients to review their personal insurance, understand their existing policy terms and identify opportunities to improve their cover.

With more than 80 five-star Google reviews, we're trusted by Australians seeking practical, personalised financial advice.

Request your free insurance review

Tell us a little about your insurance and we'll be in touch to discuss the next steps.

Thank you!

Your request has been received!

Have questions? Feel free to reach out—we’re happy to help!
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