Life Insurance Comparison Australia
There is more to buying life insurance than just low premiums!
Cover Australia is the only life insurance website offering free professional advice, outstanding service before and after your purchase, and a unique Platinum Partner Program to help you with effective life insurance comparison Australia wide. We seek to provide you with the highest standard of advice covering products such as Life Insurance, Income Protection Insurance, Disability Insurance and Trauma Insurance.
Our executive level relationships with many of Australia’s top insurance companies has enabled us to consistently exceed our client’s expectations concerning both our service and product availability. Cover Australia offers a full advice service unlike many competitors, to help with your life insurance comparison and receive an insurance solution tailored to your needs. We understand that not everyone is the same and that your financial goals are going to be unique.
We can offer you:
Free professional service and advice
While most life insurance comparison sites offer just a premium and product comparison, Cover Australia will help you compare life insurance as well as provide ongoing advice and service for the life of your policy, to help you make the right decision. Providing you with advice regarding the amount, ownership structure, claims process as well as product options available to you is something that Cover Australia prides itself on being able to do at the highest level.
Should you need to make a claim, we will handle it efficiently from beginning to end, to ensure you receive all the benefits you’re entitled to.
Our experience and relationships in the industry often enables us to resolve claims in turnaround times that simply can’t be experienced elsewhere.
Choosing life insurance should not be taken lightly and there are many different aspects to take into consideration along with the premium. Our highly regarded directors have many years of experience and knowledge that enables them to deliver the highest level of advice possible. Their standing and reputation in the industry that has been achieved by them enables Cover Australia to offer our clients a level of cover that can’t be seen elsewhere.
Best of all, our services are entirely free of charge. You can receive ongoing advice to help with your life insurance comparison Australia wide, all at no cost to you.
A great price on your life insurance policy
Our established partnerships with Australia’s leading life insurance providers ensures we can always offer the best price possible and the widest choice.
Our unparalleled level of service and respected position in the industry has also allowed us to establish Platinum Partnerships with some of the country’s major insurance providers, to make sure you’ll always be taken care of and provided with exceptional facilities and service when you take out cover with them.
No obligations or locked-in contracts
All our professional advice and service is obligation-free, and the tailored policies we provide through our insurance partners have no locked-in contracts so you can cancel at any time with no penalty to you.
Get in touch today to discuss your options and receive your tailored life insurance solution.
We Can Help You with All Types of Life Insurance
At Cover Australia, Our knowledge and expertise covers all types of personal insurance solutions. Managing your risk portfolio is part of the holistic service Cover Australia provides.
Types of insurance we provide advice on include:
A Life or Term Life Insurance policy will pay out a lump sum benefit if you die before an agreed date (the ‘term’, which is typically until you reach the age of 99), or if you are diagnosed with a terminal illness where you are given less than 12 months to live.
This is the simplest and most affordable type of life insurance, and will ultimately provide for your family and dependents after you die.
An Income Protection Insurance policy, or Salary Continuance Insurance, will provide you with a replacement income if you are unable to work due to illness or injury. Most policies will pay up to 75% of your net income for a set period, or until you reach the age of 70.
This type of insurance can be a bit more complicated as the definitions and terms of the policy will differ from provider to provider, so it is vital that you make sure you fully understand what your particular policy includes. Generally speaking, income protection premiums are tax deductible.
A Trauma Insurance policy (or Critical Illness Insurance) will pay a lump sum benefit if you are diagnosed with a pre-defined critical illness such as cancer, a heart attack or a stroke. It is designed to supplement your income whether you are able to work or not, and can be payable in addition to Income Protection or Disability Insurance.
Like Income Protection Insurance, the terms and included critical illnesses of your Trauma Insurance policy will differ between providers. Trauma insurance is often utilised to provide a financial cushion that allows your loved ones to take off work to be with you in your time of need.
A Total and Permanent Disability Insurance policy will pay out a lump sum benefit if you become totally and permanently disabled from sickness or an accident, and you are not expected to be able to return to work.
Definitions for the included occupations and activities will vary between insurance providers, so make sure you fully understand the terms of your particular TPD Insurance policy.
Not sure how much cover you need, or how much you can afford? Our Life Insurance Calculator can give you a rough idea of what you might require in your individual situation.
*Please note, this calculator is intended to be a general guide only and should not be your primary source of information on life insurance comparison or making a final decision. We recommend that you speak to one of our qualified insurance advisors before taking out any type of life insurance cover.
Our Platinum Partners
We are dedicated to providing quality advice and service to help you compare life insurance, as well as a selection of excellent insurance products that are suited to your lifestyle and circumstances.
With so many insurance products now available on the market, it is critical that the quality of the product is the first consideration when looking for a policy, over and above price.
Our Platinum Partners have been carefully selected as some of the most trusted and reputable insurance companies in Australia. We have worked closely with them to establish standards regarding the level of service for Cover Australia clients, along with facilities and services that go beyond the industry standards.
This is our Platinum Partner Promise, and if you take out cover with one of these trusted providers you are guaranteed the highest level of service for the lifetime of your policy.
Our Platinum Partners include:
CommInsure is the insurance division of the Commonwealth Bank Group. As one of the largest life risk insurers in the country and an established industry leader, they are committed to providing simple, innovative insurance products and a high level of understanding to all their customers.
ClearView provides a genuine alternative to the big insurance institutions, offering a specialised range of insurance solutions that are designed to meet the real needs of Australians today. Their flexible and innovative products offer exceptional value together with a strong focus on service, and simplified, efficient processes.
Macquarie Life is part of the internationally recognised Macquarie Group and a market leading provider of retail life insurance. They are dedicated to building valuable client relationships and delivering exclusive life insurance products that are available nowhere else in the Australian market
TAL has built a strategy around making life insurance for Australians as simple, affordable and accessible as possible. They deliver high quality and innovative insurance products together with superior customer service, working to build lasting, solid relationships and a high level of trust.
Why Do I Need Life Insurance
Quality life insurance cover is becoming more and more of a necessity as we realise the value of having support and protection when we need it most. Change can happen to anyone and at any time, and it’s vital that we have practical solutions in place to help us adapt to these changes if and when they happen to us.
Life insurance is important at every stage of your life – whether you are single, in a relationship, or have a family – and it is a key part of any financial. Talk to Cover Australia today about life insurance comparison Australia wide, from our large network of providers.
If you’re single...
You need to protect your independence and your income. Income Protection Insurance will help you maintain your independence if you ever find yourself unable to work, by making sure you can meet your costs of living such as bills, rent and groceries.
The best time to start thinking about applying for Income Protection is when you’re starting a new job, you have just taken out a personal loan to buy a car or a house, you are self-employed and have key staff within your business, you have gone into business with a new partner, or you have just taken out a business loan.
When applying for Income Protection, make sure you take into consideration how long you would be able to support yourself before you need to claim. Different providers have different waiting periods on their policy, which is the amount of time you are unable to work before you can make a claim. It will usually range from between 14 days to 2 years, so think about how long you would be able to live off your savings or other income sources before you would need to claim Income Protection.
Some insurance providers will reduce your Income Protection payments if you have other sources of income such as sick leave from your employer, Centrelink benefits or managed investments. Make sure you check your insurance policy to see if this is the case.
If you’re married or in a relationship...
You need to be able to enjoy the time you spend together without financial difficulties getting in the way. It’s important to plan for the future, so you can take out a Life Insurance policy that will provide you with the protection you need.
The best time to start thinking about applying for Life Insurance is when you’ve just bought a house and have a mortgage to go with it, you are renovating your house and need to increase or redraw your mortgage, you are about to start a family, you have a lot of personal debt, or you have received a pay rise.
If you have a mortgage, you may already have mortgage protection included in your loan agreement. Take into consideration how this will affect your payments if you are put into a financially difficult situation.
Your superannuation may be paid out to your beneficiaries if you pass away unexpectedly. Make sure you know who your nominated beneficiaries are, as these minor details are often forgotten to be updated when you get married or have a de facto partner.
If you have a family...
It’s vital that you are able to protect and support them if something unexpected happens and you are unable to work for a long period of time. Income Protection or Disability Insurance may be some options to provide you with the peace of mind you need.
The best time to start thinking about applying for Life Insurance is when you are planning to send your children to a private school or university, you have a special needs child who will need care when you’re gone, you have physically or financially dependent parents, or you want to leave an inheritance for children or grandchildren.
If you have dependent children and are in a relationship, you could consider a joint life insurance policy which would cover both you and your partner under one policy, and would pay out the benefit if one or both of you pass away unexpectedly.
If you work in a high-risk job, your employer will have already taken out a workers compensation policy which will cover any immediate medical bills. But you may need another insurance policy to cover any gaps, so it’s a good idea to find out exactly what your workers compensation will cover.
If you need a lump sum payment to cover sudden medical bills, check with your insurance policy to see if it will pay a percentage of the benefit or the whole amount, and when you are able to make a claim.