Wondering what different types of life insurance cover? We've broken down the basics for you.
You may have noticed there’s a wide range of Life Insurance policies available these days. Do your research and you’ll find the level of cover, conditions, exclusions and costs can vary quite a bit from insurer to insurer.
At Insuranceline, we've made Life Insurance simple and straightforward. No jargon and no tricky wording.
Levels of cover and benefits will vary, depending on the type of Life Insurance you take out and how much you pay in premiums.
Our different types of Life Insurance:
Life insurance helps to ensure your loved ones are taken care of financially, if you die. It’s paid out in a lump sum to your beneficiaries. Insuranceline offers a payout of your choice between $100,000 and $1.5 million.
Insuranceline Life Insurance policies cover all causes of death, except for suicide and death as a result of intentional self-harm during the first 13 months of cover.
Cancer Cover can pay up to $250,000 if you’re diagnosed with cancer (of a specified criteria). This payment can be used for anything—lost income, medical expenses, required assistance, or even a recuperative holiday.
Major Illness Cover
Major Illness Cover, also known as Trauma or Critical Illness Insurance, pays a lump sum if you suffer a major illness such as heart attacks (of a specified severity), stroke (resulting in neurological deficit), and some forms of cancer (of a specified criteria).
For more information on these, including the types and criteria of the Cancers and Major Illnesses covered, see the Life Insurance Combined Product Disclosure Statement and Financial Services Guide.
How does it work?
Once you worked out how much cover you require get a quote for Life Insurance, or call us directly on 13 77 87.
If you are an Australian resident, aged between 18 and 65, you can be covered in minutes with no medical tests, and you can choose from a range of flexible premium payment options.