Help Protect you and your partner’s
As your kids grow up and leave the nest, it’s a good idea to make sure you have cover to help protect you and your partner’s financial future. While you no longer have to worry as much about family expenses, it’s still important to think about your own. That means getting cover to help protect your income and helping to secure your partner’s financial future.
Life insurance is there to protect your loved ones if something were to happen to you, making it an extremely important part of planning for your family’s future. With the ability to shift with you through life’s big changes, life insurance can offer support to your family whatever comes your way.
The decisions you make today can make a difference to your family’s future. Part of this is making sure they have some financial cover should something happen to you.
By paying regular premiums, your chosen beneficiaries can access your life insurance lump sum payment if you pass away or are diagnosed with a terminal illness.
There are two common ways to take out life insurance - life insurance through superannuation or through a provider. There are key features of Life Insurance through superannuation, Premiums may be lower through your superfund and you may be guaranteed acceptance without medical or personal questions. But the benefit amount may be lower and it may not cover certain medical conditions. You may already have some life insurance through your super, so it’s worth checking. With a provider, like Suncorp Life Insurance, you are able to choose your type and level of cover, and adjust it as your circumstances change. Make sure you do your research before choosing what is right for you.
Key features through superannuation
- Automatic payments direct from your superannuation balance
- Premiums may be cheaper
- May offer automatic acceptance
- May not require medical checks for forms
- Payment may be delayed
- May not cover certain medical conditions
Key features through provider
- Flexible options for cover
- Personalised to your needs and budget
- Can update policy easily when circumstances change
- May receive the benefit faster
- May have limitations on the type of life insurance offered
Whether you’re growing your family, purchasing a new home or changing careers, life insurance can help cover your expenses, from your mortgage to a funeral, easing the financial burden on your family.
General advice only. You should consider if the advice is right for you and read the PDS available at suncorp.com.au/policy-documents before making a decision to buy or continue to hold a product. The Target Market Determination (TMD), where applicable, for the product is available on our website at suncorp.com.au/policy-documents.
This video is brought to you by TAL Direct Pty Limited 39 084 666 017 AFSL 243260. Products are issued by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life or insurer) which is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). TAL Life is not part of the Suncorp Group. TAL Life uses the Suncorp brand under licence from the Suncorp Group.
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.
Quotes and sales: Mon-Fri 8am-7pm, Sat 9am-4pm (AEST)
Customer service: Mon-Fri 8am-6pm (AEST)
Claims: Mon-Fri 8am-5:30pm (AEST)
Suncorp Life insurance products, other than in some circumstances the Redundancy Benefit, are provided by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life) which is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). TAL is not part of the Suncorp Group. TAL companies use the Suncorp brand under licence from the Suncorp Group. 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 (TMD) for the product 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.
TAL Life supports and adheres 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.