What is Life Insurance?
05 October 2017
Life Insurance, also known as 'Death Cover' or 'Term Life Insurance', offers a lump-sum payment to your family or other nominated beneficiaries if you are no longer around or become terminally ill. It is designed to help your loved ones meet the financial strains of keeping the household running if something were to happen to you and you were no longer around .
Why get Life Insurance?
Life Insurance for many Australians is an afterthought; while we’re much more comfortable insuring our cars and homes, we often forget about our most valuable asset: our lives and our families livelihood. If something happens to you and you're no longer around, your family might find it difficult to make ends meet. Help protect their financial future with Life Insurance cover in case the unexpected happens and you're no longer around to take care of them.
What are some of the benefits of Life Insurance with Suncorp Life?
Suncorp Life Protect Insurance can help cover your death by accident, sickness and natural causes. Some of the specific benefits include:.
- Cover for up to $1.5 million (subject to eligibility criteria)
- Up to $10,000 early payout on approved death claims for funeral costs on approved claims to help cover legal and other unexpected expenses that may arise.
- Receive your payout early if you’re diagnosed with a terminal illness
- Nominate up to 5 beneficiaries online or 10 via Suncorp Life’s customer service team
- Coverage worldwide 24/7
- The flexibility to increase or decrease cover to keep up with life’s changes.
Organising Life Insurance has never been easier – you can get a Life Insurance quote online with Suncorp Life today. If you’re unsure how much cover you need, you can use the Life Insurance Calculator to help decide how much cover you might need for your family.
If you have any questions about the kind of policy to best suit your needs, talk to a Suncorp Life Insurance specialists on 13 11 55 (Mon to Fri 8am–6pm).
Suncorp Life Protect Insurance is issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530, AFSL 229 880 under the Suncorp brand and are distributed by Suncorp Financial Services Pty Ltd ABN 50 010 844 621 AFSL 229885. Any advice in this information is general advice only and has been prepared without taking into account any person's objectives, financial situation or needs. You should consider the Product Disclosure Statement (PDS) for Suncorp Life Protect Insurance before making any decisions about whether to acquire this product.
Suncorp Life Insurance is issued 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 companies are not part of the Suncorp Group and uses the Suncorp brand under licence.TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260 (TAL Direct) has been authorised under an arrangement with the insurers to enter into, vary or cancel insurance cover and manage, administer and settle claims on behalf of the insurer as if it were the insurer.