Life Insurance

Tax-free payout

Up to $1.5 million lump sum payment for your family.

Advance payout

Up to $10,000 on approved claims to help with immediate costs.

Discounts

10-15% discounts on your premium if you’re covered for more than $200K.

Add another adult to your policy and the youngest will receive a 5% family discount. The family discount doesn’t apply to the Optional Illness Cover.

If you choose to pay your premiums annually, you'll receive 12 months’ cover for the price of 11.

Straightforward claims process

Experienced claims managers to help your family when they need it most.

Affordable cover

For as little as $6.59 for females or $9.44 for males per week (based on a 30 year old non-smoker on standard rates with $500,000 cover when paying annually—total annual premium for females $337.59; total annual premium for males $491.04). Premium is subject to underwriting.

Lower rates

For non-smokers for new applications.

Comprehensive up-front quote

Know what and how much you’re covered for up-front.

See the Combined PDS & FSG for full details of exclusions.

Life Cover

Suicide and intentional self-injury are not covered during the first 13 months of your policy. If any other exclusions are to apply, we will discuss them with you first.

Optional Severity Based Illness Cover

The Optional Severity Based Illness Cover benefit is not payable in any of the following circumstances:

• An Accidental Injury which occurred prior to the Cover Commencement Date.
• Any intentionally self-inflicted act (including attempted suicide).
• The Life Insured’s participation in any criminal or unlawful activity.
• No benefit will be payable if the event giving rise to the claim occurs while the Life Insured is visiting a country for which the Australian Department of Foreign Affairs and Trade (DFAT) issued a ‘Do Not Travel’ warning advice prior to your travel to that country, and which continues to be in force during the time of the Life Insured’s stay in that country.
• War, hostilities or war-like operations (whether war is declared or not), civil commotion, civil war or rebellion, but not terrorism, outside of Australia or New Zealand.
• Any Cancer, Heart Attack, Minor Heart Attack, Stroke or Coronary Artery Bypass Surgery arising during the 90 days following the Cover Commencement Date, or an increase in the Benefit Amount applied for (only for the increased portion).
• Optional Severity Based Illness Cover is also not payable if the condition you suffer is not listed in the PDS, or you don't meet the severity criteria necessary to claim on the listed condition.

• If you are replacing another insurance policy, you may lose valuable benefits so you should consider the terms and conditions of each insurance policy before deciding to make the change.
• Life Insurance is not a savings plan. If you cancel it before an insured passes away, you won’t get anything back (unless you cancel during the cooling-off period).
• The product and cover amount you choose may not be appropriate for your needs. Always read the PDS, consider alternatives, and think about an appropriate cover amount. Review your cover regularly to make sure it meets your needs.
• Other risks associated with holding this product can be found in the PDS.

Depending on how long you live, you might hold Life Insurance for a long time. It is important to consider the long-term affordability of the policy, based not only on your current income, but also the income you are likely to have in the future.

Major Illness Cover

Helps protect you from temporary setback due to life threatening sickness such as a cancer or heart attack of specified severity, a stroke that results in neurological deficit, or certain kinds of serious injuries. See the Combined Product Disclosure Statement (PDS) & Financial Services Guide (FSG) for details on conditions covered and exclusions.

Cancer Cover

Helps protect you from temporary setback due to life threatening cancer. Cancer Cover can help make sure you and your family are taken care of financially, leaving you to focus on your recovery. See the Combined PDS & FSG for details on conditions covered and exclusions.

Life Insurance is a way for you to provide for your loved ones, should you die in an accident or from an illness. It protects the people who depend on you to look after them. If your family relies on your contributions to their lifestyle, such as by your income or the care you provide, Life Insurance can help make sure your family’s home and lifestyle are secure if something were to happen to you.

It's very important to give us all the information we request when you apply for Life Insurance, and to answer all 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.

The amount of insurance you need will depend on your individual circumstances, and this means it will be different for everybody. With Life Insurance, you should consider things like what debts you’d like to pay off and how much you’d like to leave your family to meet their future financial needs. Here are some questions to consider when working out the amount you may need:

• Do you have a mortgage or other debts?
• Do you have a spouse or partner? If so, are they working, and could they support themselves financially?
• Do you have any kids or other people who depend on you to look after them?
• What would be the impact to your family’s day-to-day lifestyle if your family didn’t have your income?
• For how long would you like your family to live on the payout?

No. Premiums for Life Insurance are not tax deductible.

With Life Insurance, your family will have some financial protection if something happens to you and you’re no longer around. The payout from your policy could help cover the mortgage or rent, put food on the table, and help with the medical and educational needs of your children. It could pay for the car, holidays, birthday presents, swimming lessons and outings—all the things you work so hard to give your family.