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Life Insurance quotes are provided by a selected broker from our referral network and may not represent all providers in the market. We may receive a referral fee at no cost to you. We do not provide financial advice or credit assistance directly.
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Life insurance can help your family manage debts and living costs if you die. The amount of cover, policy definitions and exclusions determine the protection it provides. We connect people seeking life insurance, trauma cover and income protection with insurance brokers to discuss cover and quote options.
What Does Life Insurance Cover?
Life cover generally pays a lump sum if the insured person dies while the policy is in force, subject to its terms. Some policies also provide a terminal illness benefit when the policy's definition is met. Related types of cover address different risks and are not automatically included:
- Total and permanent disability (TPD): may pay a lump sum if illness or injury meets the policy's permanent disability definition. Occupation and work-capacity definitions matter.
- Trauma cover: may pay a lump sum for specified serious illnesses or injuries that meet the policy's definitions and severity requirements. It does not cover every diagnosis.
- Income protection: may replace part of your income if illness or injury prevents you from working, subject to waiting periods, benefit periods and other policy conditions.
How Much Life Cover Might You Need?
Consider your mortgage and other debts, dependants' living costs, education expenses and the cost of replacing unpaid care. Allow for savings and existing insurance, including cover through superannuation. Check your super fund's cover amount, eligibility conditions and beneficiary nomination rules rather than assuming it provides all the protection you need.
Compare Premiums, Benefits and Exclusions
When comparing life insurance quotes, use the same cover amount and benefit types. Premiums can depend on age, health, smoking status, occupation and the cover selected. Ask how premiums may change over time and whether the cover remains affordable.
Read the Product Disclosure Statement and policy schedule for benefit limits, expiry ages, exclusions and any waiting periods. Check how pre-existing conditions are treated and whether a claim under linked trauma or TPD cover would reduce the remaining life cover. Answer application questions accurately; an insurer may request medical information before deciding what cover and terms it can offer.
Existing Cover and Claims
Before replacing a policy, compare its terms with the proposed cover. Avoid cancelling existing insurance before new cover is accepted and in force, and check for new exclusions or waiting periods. Keep policy details and beneficiary nominations up to date. A claim may require medical evidence or other supporting documents, and payment depends on the policy terms and the insurer's assessment.
Request Life Insurance Quote Options
Complete our free online enquiry to request follow-up from a broker by phone or email about life insurance, trauma cover or income protection. The broker can discuss available quotes and policy differences. Submitting an enquiry does not put cover in place.
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Please note that some of our calculators may use assumptions that are not necessarily applicable to your current specific circumstances and we therefore cannot always guarantee their accuracy. You should always seek professional financial advice from a licensed professional before proceeding with any financial recommendations.
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