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Suncorp Life Insurance
- Suncorp Life offers Life Insurance, Income Protection and Funeral Insurance
- Buy your policy online or over the phone in minutes
Enjoy savings at a range of popular retailers with Suncorp Benefits
Help protect yourself and your loved ones
The decisions you make today can make a difference to your family’s future. Suncorp Life’s range of insurance policies can help protect your way of life, as well as provide financial support to your family if you pass away or become terminally ill.
Find the right cover for you
Which policy is right for your stage of life?
Wherever you’re at in life, Suncorp Life has life insurance cover options that may be suitable for you. To help you out, here’s some general information about common life stages and events below, along with cover options that may be considered by people at different life stages. You should always read the Product Disclosure Statement before buying insurance and consider your own personal circumstances and needs.
Suncorp Life understands that you care about your health, lifestyle, independence and future — and having the right cover may protect all four. Protecting yourself financially now means that if something happens to you in the future, you can rest assured knowing you have cover in place to keep your life on track.
You may want to consider:
Suncorp Income Protection
Whether you take a tumble while working out or get sick and have to spend time in hospital, taking time off work due to injury or illness doesn’t mean you have to suffer financially. Suncorp Income Protection will pay a monthly benefit to replace some of your lost income, due to you being unable to work until you’re back on your feet.
If you and your partner are planning a future together, it makes sense to help protect that future — especially if starting a family may be part of it. Having the right insurance can help look after your loved ones should something happen to you.
You may want to consider:
Suncorp Income Protection
Whether you take a tumble cycling to work or get sick and have to spend time in hospital, taking time off due to injury or illness doesn’t mean you have to suffer financially. Suncorp Income Protection will pay a monthly benefit to replace some of your lost income, due to you being unable to work so you don’t have to rely on your partner.
Suncorp Life Insurance
Rest assured knowing you have some cover in place to help provide for your partner and future family should you pass away or become terminally ill. A lump sum payment will help them with immediate expenses and costs such as bills, mortgage or rental payments and loan repayments.
Buying a home together is a big life step — and a big financial commitment. With so much going on, insurance may be the last thing on your mind. But if something were to happen to you or your partner, would the other person be able to cope with mortgage repayments on their own? Let alone everything else?
You may want to consider:
Suncorp Life Insurance
Rest assured knowing you have some cover in place to help provide for your partner and family should you pass away or become terminally ill. A lump sum payment will help them with immediate expenses and costs such as bills, mortgage or rental payments and loan repayments.
Suncorp Income Protection
Whether you take a tumble cycling to work or get sick and have to spend time in hospital, taking time off due to injury or illness doesn’t mean you have to suffer financially. Suncorp Income Protection will pay a monthly benefit to replace some of your lost income, due to you being unable to work so you don’t have to rely on your partner.
There’s a lot of joy in having your first child or growing your family, but there’s also added financial responsibilities. There are clothes, childcare and education to consider, plus increased daily costs. But fear not — having the right cover in place could help ensure your family has some financial protection should something happen to you.
You may want to consider:
Suncorp Life Insurance
Rest assured knowing you have some cover in place to help provide for your partner and future family should you pass away or become terminally ill. A lump sum payment will help them with immediate expenses and costs such as bills, mortgage or rental payments and loan repayments.
Suncorp Income Protection
If sickness or injury means you can’t work, Suncorp Income Protection will pay a monthly benefit to replace some of your lost income until you’re back on your feet. This will help keep things as normal as possible for your family.
As your kids leave the nest, you need to help ensure you and your partner’s future stays protected. While you no longer have to worry as much about family expenses, it’s still important to think about your own. If something were to happen to you or your partner, would the other person be able to cope financially?
You may want to consider:
Suncorp Life Insurance
Rest assured knowing you have cover in place to help provide for your partner should you pass away or become terminally ill. A lump sum payment can help with costs such as bills, mortgage payments, car expenses and groceries.
Suncorp Income Protection
Whether you take a tumble playing with grandkids or fall ill and have to spend time in hospital, taking time off work due to injury or illness doesn’t mean you have to suffer financially. Suncorp Income Protection will pay a monthly benefit to replace some of your lost income, due to you being unable to work, so you can focus on recovery.
Suncorp Funeral Insurance
Help support your family when they need it most. When the time comes, Suncorp Funeral Insurance could help ease the financial strain on your family, providing them with a lump sum to help cover funeral expenses and other unexpected costs.
Whether it’s enjoying overseas cruises or trips to wineries, you and your partner have worked hard to secure the lifestyle you enjoy. So, it makes sense to have the insurance in place to help your partner continue that lifestyle should something happen to you.
You may want to consider:
Suncorp Funeral Insurance
While death can be unexpected, that doesn’t mean we can’t prepare for it. When the time comes, Suncorp Funeral Insurance could help ease the financial strain on your partner and wider family, providing them with a lump sum payment to help cover funeral expenses and other unexpected costs.
If you’ve ever seen someone you know struggle financially because of the loss of their partner or parent, you’ll have had a glimpse into how difficult it can be. Taking practical steps to plan you and your family’s future in the event of your death or terminal illness can help the people you care about get through an extremely difficult period.
You may want to consider:
Suncorp Life Insurance
Suncorp Life Insurance provides your family with a lump sum payment in the event of your death or if you’re diagnosed with a terminal illness. That money could help cover mortgage repayments, education costs and everyday expenses like groceries or travel costs, helping to ease the financial strain on your loved ones.
Need more help deciding?
Use our comparison table to help you find the right Life Insurance for you.
Is life insurance through super enough?
Default life insurance through superannuation may not always meet the full needs of Aussie families. With a surprising amount of the population being underinsured, you may want to check to see how your super’s life insurance compares to taking out a policy through an insurer.
Brush up on the basics with these two short videos.
What is Life Insurance through superannuation?
This means paying for Life Insurance with the money that sits in your super fund. You’ll generally get the default level of cover your super fund offers. You can choose this option through your employer or when you set up your super fund. As long as your employer, or you, contributes super to your account regularly, you will have some level of Life Insurance cover.
What am I covered for under Life Insurance through superannuation?
Life Insurance through a super fund usually includes one or more of three different kinds of cover:
- Death cover, which pays a lump sum or an income stream benefit amount to your beneficiaries if you die.
- Total and permanent disability cover, which pays you a benefit amount if you’re seriously disabled and not likely to work again because of this.
- Income protection to cover loss of income over a certain period if you can't work because of a temporary illness or injury.
How do I work out how much Life Insurance I need?
To get an idea of how much insurance cover you need, start by tallying up the total cost of the things you pay for that your loved ones would still need if you’re no longer earning an income.
This might be things like your bills, debts, mortgage, and personal loans. The total sum of these gives you an idea of the amount of cover your loved ones would need to continue to meet your financial responsibilities in your absence.
Try our life insurance calculator online now.
What’s the difference between my super Life Insurance policy and a policy through an insurer?
Life Insurance through an insurance provider is different in a few ways. Firstly, there can be more flexibility around the kind and level of cover available, meaning the amount you pay can be adjusted to increase or decrease the level of cover. Also, benefit amount payable to you or your family are usually delivered quicker by an insurance provider because they are passed directly to the beneficiaries rather than to a super funds trustee.
Is Life Insurance through super enough?
When thinking about Life Insurance, consider what you need cover for, the premium you can afford, and the benefit or limits you and your loved ones require to keep the lifestyle that you want. For example, if someone has an underlying medical condition they might opt for Life Insurance through an insurance company to make sure they’re covered in particular circumstances. On the other hand, another person might only need a benefit amount if they’re injured at work and can no longer do that job.
Try our life insurance calculator online now.
Why so many Australians choose Suncorp Life Insurance
Trusted by thousands of Australians who turn to Suncorp for their personal insurance needs.
Suncorp Life Insurance rewards you with ways to save, like 5% off your policy if you hold other Suncorp branded insurance policies such as home or car insurance.
Enjoy great deals and savings at over 100 retailers with Suncorp Benefits
We’re here to help
The friendly Suncorp Life team are Australian-based and here for you. If your needs and personal circumstances are more complex and you need financial advice, please talk to your Financial Planner.
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Insights and stories
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You never know what's just around the corner, so having income protection in place can help provide you with financial security if you're unable to work due to sickness or injury.
Choosing the right life insurance policy for your needs isn't always straightforward, not just because it can be a big decision but because life insurance policies and their various terms can be overwhelming.
Life Insurance should change and evolve as your life does. Read about three types of people who may consider getting Life Insurance at different stages in life.
Information is current as at 23 March 2020 and may be subject to change from time to time without notice. Suncorp life insurance products, other than in some circumstances the Redundancy Benefit, are provided by either Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron) or by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life) which are part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). TAL companies are not part of the Suncorp Group. TAL companies use the Suncorp brand under licence. The different entities of TAL and the Suncorp group of companies are not responsible for, or liable in respect of, products and services provided by the other.
Any advice on this page is general in nature and is provided by Platform Ventures Pty Ltd ABN 35 626 745 177 AFS Representative Number 001266101 (PV). PV is part of the Suncorp Group and an authorised representative of TAL Direct Pty Limited ABN 39 084 666 017, AFSL 243260 (TAL Direct). General advice does not take into account your individual needs, objectives or financial situation. Before you decide to buy or to continue to hold a Life Insurance product you must read the Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG). The PDS and FSG contain important information which will help you understand the product, including what's covered and what's not covered and to help you decide whether it is appropriate for you and whether to use any of the services offered. The Target Market Determination is also available.
If you decide to purchase or vary a financial product, PV will receive fees and other benefits, which will be a dollar amount or a percentage of the premium you pay. You can ask us for more details.
Asteron and TAL Life support and adhere to the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry through the Financial Services Council to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities. Download the Code here. For more information contact the Financial Services Council on (02) 9299 3022 (local call cost), email info@fsc.org.au or visit www.fsc.org.au.
The Reward and Recognition program ("Suncorp Benefits") is being operated by EONX Services Pty Ltd ABN 39 615 958 873. To register for Suncorp Benefits you must hold a current eligible personal policy or an eligible personal product or service from one of the brands in the Suncorp Network brand. Purchase limits apply to each individual retailer. See full Terms and Conditions. Use of Suncorp Benefits is subject to the operator’s privacy policy.
