What you can afford;
Whether or not you have dependents (e.g. spouse, partner and/or children) who are reliant on your income
Whether or not you have a mortgage, or any other debts for which you are responsible such as credit cards and other loans; and
Do you hold any life insurance cover through your superannuation fund?
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:
There are many factors to take into account in determining the level of cover you may require for each type of life risk insurance.
The ASIC’s Money Smart website provides a Life Insurance calculator to help you work out:
whether you need life cover
what expenses you want your policy to cover after you die
how much life cover you might need.
Go to ASIC Money Smart Life insurance calculator
Please note the ASIC Money Smart website is provided by the Australian Securities & Investments Commission. It is independent from Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 (“Allianz Life”) and Allianz Life makes no warranties regarding the information contained in the website. Please review the assumptions and disclaimers on the website.
If you are unsure about the level of cover you require please speak with a financial adviser before deciding on appropriate insurance cover.
and Important information
For terms, conditions and exclusions about our life insurance, please refer to the Product Disclosure Statement (PDS).
Important information : This product is not suitable for purchase within a superannuation fund. We would encourage you to speak to your financial planner or accountant who may be able to provide you with advice.
Important note : Information on this website is general information only and does not take into account your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider the appropriateness of the information, having regard to your objectives, financial situation and needs. Terms, conditions, limits and exclusions apply. Before making any decision you should consider the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). If necessary, please seek advice from a Financial Adviser before deciding on appropriate insurance cover.
The Target Market Determination (a TMD) for this product describes the class of persons for which the product has been designed, as well as other prescribed information.
Existing Customers : If you’re an existing customer, visit our Policy Documents for up-to-date policy information and access to PDS, documents and forms.
Industry Awards and Code of Practice
Canstar's 5-Star Rating for Outstanding Value
Outstanding Value Direct Life Insurance 2018 - 2021
Risk & Life Insurer of the Year
Roy Morgan Research Customer Satisfaction Awards 2016
Life Insurance Code of Practice Subscriber
Life Insurance Code of Practice Subscriber since 2017