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Life Insurance for death or illness

The thought of losing a loved one is traumatic. Our life insurance is designed to help take some of your stress away

Have you experienced a death or illness in the family?

We're here to help

Finances may not be the first thing you think of when facing a future without someone you love. However, if you've seen someone you know struggle financially because of the loss of their partner or parent, you'll have had a glimpse of how difficult it can be.

Taking practical steps to plan your and your family's future in the event of your death or diagnosis with terminal illness can help the people you care about get through an extremely difficult period.

Consider this:

$433,000
Is the average new mortgage in Australia1

$812,000
Is what a typical Australian family spends on raising two children2

$42,597 p.a
Is the expected cost of a comfortable retirement costs for a single person3

How can I help look after my family after I've gone?

Life Protect

You might leave your partner financially vulnerable

Our life insurance product – Life Protect – is designed to help you ensure your family's financial future is safe:

It can provide them, as your chosen beneficiaries, with a lump sum of money in the event of your death or if you are diagnosed with a terminal illness.

The money could help them get back on track and help protect their future lifestyle. It could go towards:

  • Replacing lost income
  • Paying the mortgage and keeping your loved ones in their home
  • Paying for your children's education
  • Funeral and other costs thanks to the Funeral Advancement Benefit
  • Covering everyday expenses like groceries and travel costs

With Suncorp Life Protect, if you make a successful claim for terminal illness the benefit will be paid directly to you. In the event you pass away, any death benefit payable under your policy will go to your nominated beneficiaries, or alternatively, your estate.

Unsure how much you need?

Are you confident that any existing cover you have, or the life insurance provided by your super, is enough to support you and your partner if something were to happen to reduce your income? If you're not sure, use our life insurance calculator to help you work out an estimate of the cover you might need.

Get Started

Life Stages & Events

Whatever stage of life you're at, Suncorp could help you plan for life's unexpected turns. See what some people in your stage of life buy to help protect themselves financially and why.

Need to talk?

Our friendly team of insurance specialists at our Australian based call centre can answer all your questions. Alternatively, if you feel your financial requirements are more complex and you require financial advice, you can turn to a Suncorp Financial Planner for help in assessing your risk and working out the cover that could meet your needs.

Phone

Monday to Friday 8am to 8pm AEST

Email

Send us an email and one of our Consultants will respond to your enquiry

Financial Planner

Arrange a no-obligation consultation