Unfortunately, death happens. And when it does, Insuranceline is here to help lighten the load. With a lump sum Life Insurance payment of up to $1.5 million, your family can cover daily living expenses like bills, school fees, rent or mortgage and much more, while they get back on their feet again.
Not all life insurance policies in Australia are the same. Some may also cover other life-changing events such as terminal illness or critical injury.
If you die prematurely, life insurance provides a tax-free payout1 to your dependents. This money can be used to replace income from your salary, or cover expenses such as funeral and legal costs, child-care and housekeeping.
Prices for Life Insurance vary quite a lot, depending on the insurer and what’s included in the cover, so it pays to shop around and weigh up the benefits of various policies as well as the costs.
Getting quotes should take just a few minutes each. The easiest way is to get a quick quote or call us on 13 77 87 and one of our friendly staff will assist you.
Researching and buying the ideal Life Insurance cover will bring you peace of mind, knowing that you’ve done your very best to provide for your family should the worst happen.
The medical definitions for our products are regularly reviewed to ensure that the definitions remain current. Minimum standard medical definitions are set out in the Life Insurance Code of Practice and apply to standard trauma/critical illness cover where we issue your Life Insurance Policy on or after 1 July 2017.
Get a 10% discount on your premium for Life Cover from $200,001 to $400,000 plus a 15% discount on your premium for cover over $400,000.
Here you can find answers to the most common questions we're asked about Life Insurance.
For anything else, call us on 13 77 87 or refer to the Life Insurance Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG).
What's covered in Insuranceline's Life Insurance and what's not?
You should read the Combined Product Disclosure Statement and Financial Services Guide for all the details of what is and isn't covered.
What happens if I leave out information when applying for Life Insurance?
It's very important to give us all the information we request when you apply for Life Insurance, 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 tell us something important, we may have to refuse the claim.
Will my Life Insurance premiums go up?
We work hard to give everyone great value cover – it’s at the heart of everything we do. Unfortunately, the cost of providing Life Insurance does increase as you get older. This means your premiums generally increase over time. To help, if anything does change, we’ll always give you at least 30 days’ notice so you can decide what you’d like to do. Adding another person to your policy or increasing your cover amount will also cause your premiums to go up. If you choose our Inflation Protection option, your cover amount will grow over time, protecting the value of your payout against inflation. This means your premiums also rise slightly from year to year in line with your increased benefit amount. Your premiums may increase if we decide to change the premium rates applicable to your policy.
If I cancel my Life Insurance policy, will I get a refund?
When you take out Life Insurance from Insuranceline, we give you a 30 day money back guarantee - so if you cancel your Life Insurance policy in the first 30 days from when you receive your policy documentation we’ll give you a complete refund. After that, there are no refunds.
How does Optional Severity Based Illness Cover work?
If eligible, you can choose up to 100% of your life insurance cover amount to a maximum of $250,000 across the following: Major Illness Cover and Cancer Cover. This cover provides a lump sum payment that draws down on your main life insurance cover, to assist with medical and out-of-pocket expenses while you’re recovering from certain sicknesses or injuries. Later, your family can access your remaining life insurance cover in the event of your passing. Learn more >
Want to know more about our Life Insurance? Get a quote online or call 13 77 87 today.
You can apply for Life Insurance with a cover amount from $100,000 to $1.5 million.
Want to know more about our Life Insurance? Get a quote online or call 13 77 87 today.
Who will my family deal with during a Life Insurance 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’ll personally oversee the case and help your family work through the details of the claim.
Your dedicated Claims Manager will explain anything that is not covered or talk through any concerns your family may have.
Want to know more about our Life Insurance? Get a quote online or call 13 77 87 today.
Life Insurance pays a lump sum amount of money if:
If you add our Optional Illness and Injury Cover to your policy you will also be able to draw down on your main life insurance cover amount, to assist with medical and out-of-pocket expenses while you’re recovering from certain sicknesses or injuries. Later, your family can access your remaining life insurance cover in the event of your passing. It can help you in life and your family in death. Learn more >
Where you have nominated a beneficiary, the death benefit will be paid to the person you nominate. If you don’t nominate a beneficiary, we will pay the benefit to your estate.
If a claim is made, as soon as it is approved we’ll make a $10,000 advance payout to help your family through a difficult time.
Want to know more about our Life Insurance Plan? Get a quote online or call 13 77 87 today.
Our Your Way policy allows you to get protection your way. You can nominate beneficiaries, add optional extras, choose your cover amount and even the way you pay: fortnightly, monthly or annually.
It’s your policy. Design it your way.
If your family relies on your income, Life Insurance can help make sure your family’s home and lifestyle are secure if something was to happen to you.
In the event of your passing, Life Insurance can also help your family take care of the cost of childcare, cleaning and other household expenses.
Insuranceline offers Life Insurance to Australian residents aged 18 to 65.
Want to know more about our Life Insurance Plan? Get a quote online or call 13 77 87 today.
Work out how much money your family will need if you aren’t able to provide for them. It’s crucial that you have the right level of cover, so be sure to include all living expenses and any debts such as the mortgage, as well as future costs like education.
If you’re a single parent or a sole-income family, you might need to factor in extra child-care, transport and housekeeping.
Your superannuation fund is likely to have low-level cover for illness or death. Study this cover carefully – is it enough for your family to comfortably live on now and in the years to come?
Being underinsured puts your family at risk of financial hardship. It is estimated that only 4% of our population with children has enough insurance.
If your current cover falls short, then your safest bet is to buy Life Insurance from a specialist life insurance provider offering a range of policies that can be tailored to fit your needs.
As with any major life decision, be sure to research and compare prices and inclusions. Once you have a short list of Life Insurance providers find out about additional cover, added benefits, flexibility within policies and discounts for things such as a policy for your partner.
Notice how they treat you: if they’re friendly, expert and efficient in their interaction with you, then that is a good indication they will treat you well should you ever need to make a claim.
Many insurers offer extra benefits and options. For instance, paying premiums annually instead of monthly might save you money. Some insurers, including Insuranceline, give you a discount if your partner also takes out a policy.
Get a quick quote online now and we will call you back, or give us a call on 13 77 87.
There are many different types of insurance and life stages are a factor in determining your suitability for each type. Check out the life stages and what type of insurance may be more suitable for you.
Read about the other types of insurance that Insuranceline offer: Funeral Insurance or Income Protection Insurance.
Download our Combined Product Disclosure Statement (PDS) & Financial Services Guide (FSG).
Request an information package today and have it delivered to your home.