Life Insurance

What is life insurance?

Life insurance helps give your family financial protection should you pass away within the policy term. It lets you leave a lump sum behind – helping your loved ones maintain their living standards or pay mortgage costs. And it’s down to you how much you want to cover your family for. Our flexible protection is available for all

Claims you can count on

• We paid out 98.9% of life insurance claims in 2018.
• Choose how long you’d like your cover to last, anywhere from 1 to 50 years.
• Most customers get a quote and decision in just over 5 minutes.
• Transparent premium refund policy.

What's covered

• Lump sum payment
  You can choose up to $5 million worth of cover and we'll pay the full amount after a successful claim.
  
• Protection if you die
  We'll pay a lump sum if you pass away during the policy term – simple as that
  
• House purchase cover
  If you’re taking out life insurance to coincide with the purchase of a new house, we’ll give you up to 90 days free life insurance. The free cover begins when we’ve accepted your application and you’ve exchanged contracts/completed missives, as long as you’ve given us a future start date that coincides with the completion of your house purchase. Terms apply. See policy summary for full details
• Terminal illness
  Receive your lump sum payment early if you're diagnosed with a terminal illness that meets our definition and you're not expected to live longer than 12 months. Once payment is made your policy will end and no further claims will be paid
  
• Flexible length of cover
  You can choose the length of cover you need – from short-term to 50 years, or until you're 90 years old
  
• A separation benefit
  If you separate from your partner, we can split your joint policy into single policies

What's NOT covered

Unfortunately, we can't cover all circumstances, including:

• Not paying your premiums
  If your payments stop, so does your cover
• No cash in value
  The policy has no cash in-value at any time
• Death outside the policy term
  You choose how long your policy lasts. Once it's finished, then your cover will stop and we won't pay out if you die
• Suicide and self-inflicted injuries in the first year
  You won't be covered if you die in the first 12 months of the policy as a result of suicide or intentional, self-inflicted injury