When deciding how much cover is required it is important to consider every aspect of life. The amount of cover required depends on individual needs and circumstances.
These may include but are not necessarily limited to the following factors:
- Whether you are single or married;
- Whether you have dependants such as children;
- Financial obligations such as a mortgage; school fees or personal loans;
- Current and accessible income, assets and any savings that you have; and
- Your lifestyle and how much money would be needed to maintain this lifestyle (i.e. ongoing living expenses).
It is important to think about these and any other relevant factors when choosing your cover, to make sure it suits your needs.
Check your eligibility before you apply
It is important that you check the following before you apply for cover:
How much cover can you apply for?
The maximum Cover Amounts you can apply for are based on your current age (if you are applying for combined cover the Cover Amount of any Critical Illness or Permanently Unable to Work cover cannot exceed the Life Cover Amount.) The minimum Cover Amount is $50,000 for Critical Illness cover and $100,000 for Life cover and Permanently Unable to Work cover.
Cover is not guaranteed.
Your Age | Maximum Life cover | Maximum Critical Illness cover | Maximum Permanently Unable to Work cover |
16 – 45 | $1,250,000 | $500,000 | $1,250,000 |
46 – 55 | $750,000 | $500,000 | $750,000 |
56 – 65 | $500,000 | N/A | N/A |
Apply online for the Allianz Life Plan
Important note:
The insurance is issued by Allianz Australia Life Insurance Limited ABN 27 076 033 782, AFSL 296559. The information contained on this website is general information only. It does not take into account your individual objectives or financial situation. You should therefore consider the appropriateness of the insurance having regard to your objectives, financial situation and needs. Prior to making any decision you should read the
Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). You should seek advice from your financial adviser before deciding on appropriate insurance cover.
