Life Insurance

With the InsuranceLine Life Insurance Plan you can choose a benefit amount – up to $1million - which is paid to the person of your choice if you were to pass away. It's your way of making sure that if you were no longer around to provide for your family they could still have some financial security.

Life Insurance Plan at a glance:

  • Affordable financial security for you and your family, with life insurance from just $2.95 a week.^
  • Tax-free payout to your family from $100,000 up to $1 million.
  • Discounts available when you add your partner and for cover amounts over $500,000.
  • Premium freeze option – so you can freeze the amount you pay when you need to.
  • Easy online or over the phone life insurance application - no medical tests.
  • Advance payout of $10,000 on approved claims to help with legal and other unexpected costs.

The Life Insurance Plan pays a lump sum amount of money if:

  • if the insured person dies; or
  • is diagnosed with a terminal illness and is given a life expectancy of less than 12 months.

The money will go to the people you nominate when you take out a policy.

If a claim is made, as soon as it is accepted, we’ll make a $10,000 advance payout to help your family through a difficult time.

The Life Insurance Plan covers all causes of death except for suicide or intentional self-injury in the first 13 months

Great reasons to take out Life Insurance from InsuranceLine:

We’ll help protect your family.

The Life Insurance Plan provides cover for any cause of death (except suicide or intentional self-injury in the first 13 months), with a tax-free payout of up to $1 million. So you can be confident your family is secure with InsuranceLine.

We’ll give you choice.

Choose the right cover amount for your budget and your lifestyle, and then choose from a range of flexible payment options, with discounts available for larger cover amounts and when you cover your partner.

We’ll make things easy.

If you’re an Australian resident aged 18 to 65, you can apply for life insurance online or over the phone in minutes, with no medical tests. There’s even a 30 day money back guarantee.

We’ll speak in plain English.

We’ll explain everything clearly with no jargon whatsoever, so you’ll know exactly what’s covered and what isn’t.

We'll be there when you need us most.

If your family ever need to make a claim, we make the process as stress free as we can, with personal attention from an experienced Claims Manager.

Want to know more about a Life Insurance Plan? Read the Life Insurance Plan Product Disclosure Statement, call 13 77 87, get a quote today or apply online.

^Male non-smoker aged 18-37 on standard premium rates for $106,528 cover. Rates vary depending on your health and lifestyle. Premiums increase with age and cover level.

If you have a family to take care of, then life insurance is for you. Especially when there's a home loan, education costs for your children or other debts to cover.

If you're the family breadwinner, your family relies on your income. Life insurance can help make sure your family’s home and lifestyle are secure if something happens to you.

But life insurance isn’t just for people in the paid workforce. Losing the family homemaker is just as devastating - and often just as expensive as losing the main income earner. Life insurance can help to take care of the cost of cleaning, child care and other household expenses if the worst happens.

And of course, if your family has two working partners, the loss of either partner could have a significant impact on the household budget. That's why it's important to cover all family members with life insurance.

An InsuranceLine Life Insurance Plan is available to Australian residents aged 18 to 65.

To find out more about a Life Insurance Plan and whether it’s right for you, call us on 13 77 87, or read the Life Insurance Plan Product Disclosure Statement.

Most people want enough life insurance to pay off any debts, secure the family home, and allow their family to live in comfort for at least a few years. If you have young children, a large mortgage, or school fees to take care of, you might want to choose a higher cover amount.

You can apply for a Life Insurance Plan with a cover amount from $100,000 to $1 million.

Want to know more about a Life Insurance Plan? Call 13 77 87, get a quote today or apply online.

At InsuranceLine, we promise to answer all of your questions in plain English, so you know exactly where you stand.

Here you can find answers to the most common questions we get asked about the Life Insurance Plan. For anything else, call us on 13 77 87 or read the Life Insurance Plan Product Disclosure Statement.

What's covered and what's not?
Our Life Insurance Plan covers you for death and the diagnosis of terminal illnesses with a life expectancy of less than 12 months. As soon as we accept your application, you're covered immediately for any cause of death, except for suicide or intentional self-injury in the first 13 months.

Depending on your situation, some causes of death may be excluded from your individual policy. These additional exclusions are based on your occupation, your health and lifestyle, and other special circumstances. But we’ll clearly explain any exclusions when you apply, so there won't be any nasty surprises.

What happens if I leave information out when I apply?
It's very important to give us all the information we request when you apply for a Life Insurance Plan, and to answer all of our questions honestly and completely. If there’s a claim, we’ll need to check your medical records - and if it turns out you didn’t reveal something important, we may have to refuse the claim. That’s not something we want to do, especially when your family is under stress, so it’s best to be open with us from the start.

Can I get cover at any age? 
Australian residents aged 18 to 65 can apply for life insurance with InsuranceLine. Once accepted, your life insurance policy can continue until the renewal date following your 80th birthday. On that date, your policy will end.

Will my premiums go up?
We work hard to give everyone great value insurance, but unfortunately the cost of providing life insurance does increase as you get older. For that reason, your life insurance premiums are likely to increase over time. But you can be confident that we keep increases to a minimum, and we’ll give you at least 30 days' notice of any changes.

Your premiums will also go up if you add another person to your policy or increase the cover amount. If you choose our inflation protection option, your cover amount will grow over time, protecting the value of your payout against inflation. That means your premiums may also rise slightly from year to year, in line with your increased benefit amount.

Alternatively, you can apply the optional premium freeze benefit. Your premium will stay the same each year and your cover will reduce to the amount purchased by what you’re paying. We’ll let you know what your cover amount is on each anniversary of your cover start date.

If I cancel my policy, will I get a refund?
When you take out a Life Insurance Plan from InsuranceLine, we give you a 30 day money back guarantee - so if you cancel your life insurance policy in the first 30 days, we’ll give you a complete refund.

After that, there are no refunds. Your policy gives you life insurance cover - it is not a savings plan.

What happens if I can’t pay my premiums?
Let us know immediately if you can’t pay a premium so we can help you work out an alternative arrangement. Your life cover will cease if your premiums are more than 30 days overdue and you will lose this valuable benefit.

Who will my family be dealing with during my claim?
Your family will be given a dedicated Claims Manager whose details will be on the accompanying cover letter that we’ll send in the event of a claim. They will personally oversee the case and help your family work through the details of the claim.

The dedicated Claims Manager will explain anything that is not covered or talk through any concerns your family may have.

Want to know more about a Life Insurance Plan? Call 13 77 87get a quote today or apply online.


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