What is Life Insurance?
Life insurance can be thought of a financial safety net for your loved ones. You pay regular premiums, and in return, your beneficiaries will receive a lump sum payment when you die. If you are diagnosed terminally ill after 12 months of having cover, you may receive an early benefit payout.
These payments can be used in any way you or your beneficiaries see fit. It could help to cover medical bills, day-to-day living costs or funeral expenses. It could help your family maintain their lifestyle, or pay off the mortgage. You choose the type of cover you want and the amount of insurance you need to protect your family financially, if the worst should happen.
Why Life Insurance?
You can help protect the life you’re building and your loved ones from financial hardship with Suncorp Life Protect insurance. With a lump sum payment from $100,000 up to $1 million, if you die or become terminally ill, you could feel more relaxed knowing that your loved ones could be spared the financial strain of keeping the household running.
Award winning Life Insurer
If you're facing a period of financial difficulty we'll let you pause your premiums for up to 3 months. During the period that your premiums are paused, your Suncorp Life Protect policy will only cover you if you die as a result of an accident.
How much cover do you need?
The amount of cover you may need will depend on the needs and lifestyle of your family, such as your current financial commitments e.g mortgage, your family's anticipated future needs e.g kids education, your super and any other investments.