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Complete a Life Insurance quote to go into the draw to win 1 of 5 weekly prizes of $1,000. Competition ends 31 July 2016.

Conditions apply.1 entry per eligible quote. Total prize value $40,000. NSW Permit No: LTPS/16/03406; ACT Permit No: TP 16/00849, SA Licence No: T16/753.

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Understanding Life cover

Our simple online application will give you a decision in around 12 minutes, without the need for a medical check up or blood test. We will ask you some questions about your health, lifestyle and family medical history to determine whether we are able to offer you cover.

Life cover is also known as life insurance, term life insurance, or death cover. It is a way of protecting your family's financial future. A lump sum payment in the event of your death or on diagnosis of a terminal illness where death is likely to occur within 12 months.

What is covered

Life cover provides much needed financial security in a time of uncertainty. The lump sum payment can help cover mortgage payments, school fees, bills, groceries, other living expenses and funeral costs. The loss of a loved one is enough to deal with and the last thing you want your family to worry about at a time like that is their finances. Life cover gives you the peace of mind of knowing that they will be taken care of if you are no longer around.

Benefits

The maximum Life cover amounts you can apply for are based on your current age and are illustrated below:

Age at application Minimum Maximum
16 - 45 $100,000 $1,500,000
46 - 55 $100,000 $1,000,000
56 - 65 $100,000 $500,000

Life cover inclusions

Advancement for Funeral Expenses

We will advance up to $15,000 of the Life cover amount while your claim is being assessed, to assist with the costs associated with funerals or other similar expenses.

Inflation Proofing

All of our policies are inflation proof - meaning they automatically increase each year to keep pace with inflation. Each policy anniversary we increase your cover amount either by the increase in the CPI over the previous year or 5%, whichever amount is greater. So if you take out cover today, you can rest assured it will be worth the same amount if you come to make a claim later down the track.

Guaranteed renewable policy

Once you are accepted, as long as you pay your premiums, we guarantee to renew your Life cover*until your 99th birthday, regardless of how your health may change.

Individual or joint cover

Up to two people can be insured under the one policy, this can be your spouse/partner or another person.

Cooling off rights

We offer a 30 day cooling off period where you can return your policy and receive a full refund.

24 hour world-wide cover

The cover applies 24 hours a day and for insured events that occur anywhere in the world.*

Make it a Life Plan

Other cover options can be added to your Life cover for added protection. We offer Critical Illness cover and Permanently Unable to Work cover as a part of the award winning*Allianz Life Plan.

Eligibility

All Australian permanent residents between the ages of 16 to 65 (inclusive) may apply for Allianz Life cover. We will ask you some questions about your health, lifestyle and family medical history to determine whether we are able to offer you cover.

Calculate and get started

Life Insurance Calculator

Find out how much life cover you may need by using our three-step calculator.

How to apply

You can apply for life insurance today in three easy steps.

  • Step 1: Get a free no-obligation quote in less than a minute*
  • Step 2: Apply online and get a decision within 12 minutes.
  • Step 3: Buy online and secure protection today.

Awards

Most Trusted Brand

According to Readers Digest 2015

Product of the year

Life Insurance Product of the Year Award by AB+F in 2012 and 2013

Direct Life Insurance Excellence Awards

TPD Award 2014

Direct Life Insurance Excellence Awards

Life Innovation Award 2014

Frequently Asked Questions

Life coveris also known as Term Life insurance, or Death cover. It provides a lump sum payment in the event of the life insured’s death; or on diagnosis of a terminal illness, where death is likely to occur within 12 months. Life insurance is a way of protecting the financial future of your loved ones if you were no longer around to provide ‎for them. It can help your family cover debts and living expenses at a time when they need it most. You must be between the ages of 16 and 65 to apply for Life cover. as long as you pay your premiums, we guarantee to renew your cover until your 99th birthday, regardless of changes ‎to your health condition.
How much Life, Permanently Unable to Work and Critical Illness cover you need, will vary according to your individual circumstances. In general, you should consider: - Any other Life, Critical Illness and/or Permanently Unable to Work cover that you may have, including Life and Permanently Unable to Work insurance - provided through your superannuation fund (if any); - What you can afford; - Whether or not you have dependants (e.g. spouse, partner and/or children) who are reliant on your income; and - Whether or not you have a mortgage, or any other debts for which you are responsible such as credit cards and other loans. If you are unsure about the level of cover you require speak with a financial adviser before making a decision.
Despite the fact that most Australians have some level of life insurance cover within their superannuation, Life ‎insurance organisationLifewiseestimates that, on average, this is only 20% of what is needed. You should check ‎the adequacy of this cover, as it might be less than you expect and may not meet your needs. When determining whether or not the cover provided by your superannuation fund is sufficient you need to take into account the total benefit paid by your superannuation fund. This total may be made up of your account balance and an insured benefit or may be limited to the insured benefit only. You should also check whether or not your insurance could be continued if you were to change employers in the future. If you are unsure of the level of cover provided through your superannuation fund, you may wish to speak to the fund provider, a financial adviser or an accountant.
Your cover begins on the day we accept your application for cover and the ‘commencement date’ will appear on your Policy Schedule.

More Frequently Asked Questions

Choose Life cover and add your options

Choose Life Cover

Life cover is also known as life insurance, term life insurance, or death cover. It is a way of protecting your family's financial future.

  • Up to $1,500,000 cover*
  • Up to $15,000 funeral advancement included
  • Insure up to 2 people on the same policy
  • Benefit increases every year to keep up with inflation*
  • Keep your cover - guaranteed to age ninety nine*

Add Critical Illness Cover

Critical Illness cover is also known as trauma cover and pays a lump sum benefit if the life insured suffers one of the defined Critical Illness events.

  • Up to $500,000 cover*
  • Cover for 14 serious illnesses such as cancer and heart attack*
  • Benefit increases every year to keep up with inflation*
  • Keep your cover - guaranteed to age seventy*

Add Permanently Unable to Work cover

Permanently Unable to Work cover is also known as Total and Permanent Disability (TPD) cover, or disability insurance.

  • Up to $1,500,000 cover*
  • Lump sum payment if you are never able to work again due to sickness or injury*
  • Additional cover for Major Physical Impairment such as blindness or loss of hearing
  • Benefit increases every year to keep up with inflation*
  • Keep your cover - guaranteed to age sixty five*

Next Steps

Policy Documents

For terms, conditions and exclusions about our life insurance, please refer to the Product Disclosure Statement (PDS).